--- Sabri Oncu <[EMAIL PROTECTED]> wrote: > It appears that Korea is not doing well in > these days. I remember > that my first exchange on PEN-L was with Brad > DeLong. I just > casually wrote, without giving any reasons, at > the time that > Korea was at risk and he said, without giving > any reasons other > than quoting the Economist, that the IMF > bailout of Korea worked > fine. I wonder if he can say the same now. > > Best, > > Sabri
The Korean recovery plan was an almost total sellout to US interests. If the longshoreman lockout brings the export side of the Korean economy to its knees, all the better for merchant banks, financial groups and private equity to make new deals and take over even more distressed assets. I'm sure that is what many are thinking. C Jannuzi, Japan __________________________________________________ Do you Yahoo!? Faith Hill - Exclusive Performances, Videos & More http://faith.yahoo.com
