Swaziland vs Greece

Swaziland vs Greece? More like Swaziland and Greece:

  • Linked to a currency they can’t control
  • Potentially devastating consequences if they devalue their currency and move away from the peg
  • Fiscal irresponsibility
  • A small country relative to their economic neighbors
Except Swaziland has a dictator in charge and gets a bail-out without serious conditions and at a cheap rate too.

Published by David Kirk

The opinions expressed on this site are those of the author and other commenters and are not necessarily those of his employer or any other organisation. David Kirk runs Milliman’s actuarial consulting practice in Africa. He is an actuary and is the creator of New Business Margin on Revenue. He specialises in risk and capital management, regulatory change and insurance strategy . He also has extensive experience in embedded value reporting, insurance-related IFRS and share option valuation.

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