Covid-19: Financial Recovery more likely to be ‘L’ Shaped rather than seeing Immediate Bounce Back

Dr Ioannis Oikonomou discusses the latest story on the Brexit leadership, behavioural biases and the repetition of history.

Munich, 16 October 2013 – There is currently a high level of uncertainty on the international financial markets, due to the budget dispute in the USA surrounding the proposed raising of the borrowing limit. The markets are waiting with bated breath to see whether the Democrats and the Republicans will be able to agree on raising the debt ceiling, which currently stands at just under 17 trillion US dollars. The key question for investors is whether the USA and other countries will be able to pay back the debts they have taken on or whether, as in the case of the debt cut in Greece, they can expect to see losses on their investments. A recent study based on sustainability rating agency oekom research’s country ratings shows that sustainability ratings are a reliable indicator of countries’ solvency and that taking sustainability ratings into account allows investors to make a better assessment of the overall risks.

With football suspended due to social distancing, Matt Hancock called for players to make a financial contribution of their wages to aid the countries finances. Is it fair to ask them of this? And why only footballers? Adrian Bell, Carl Singleton and James Reade discuss the financial and moral implications.