Abstract
‘One day suffices to rise or dampen all human fortunes,’ said Athena, goddess of wisdom, in Sophocles’ Ajax. The message conveyed by these ten words by the Goddess of Wisdom could not be stated in clearer terms, and it gets to the real root of the evil that has plagued the American and European economies for the last two and a half decades.
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© 2011 Dimitris N. Chorafas
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Chorafas, D.N. (2011). The Salient Problem is Rights Without Responsibilities. In: Sovereign Debt Crisis. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, London. https://doi.org/10.1057/9780230307124_3
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DOI: https://doi.org/10.1057/9780230307124_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-33456-8
Online ISBN: 978-0-230-30712-4
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)