Satirical view: Economists discover solution to crisis

SATIRICAL VIEW

The International Nemesis fund (INF) announced recently that economists in its research department have discovered a cure for the financial crisis which has been stalking Heavily Indebted Developed Countries (HIDCs), which includes the US and a number of Western European countries, since the fall of Lehman in 2008.

A senior source in the fund said: “Basically the problem with debt is that those with too much of it do not have the money to repay, but if we lend them more money then they will.”  The INF has long been at the forefront of innovative financial solutions to the world’s most complex macro-economic and psychological problems. The new facility is to be called the INF Debt Extension New International Arrangements to Lend (DENIAL).  The idea is a country under an INF DENIAL programme will be able to suspend crisis conditions indefinitely.   The new approach has been designed following exte...