It seems as relevant today: Greece is falling over and needs bailing out. It won’t be alone.
The point is a simple one: this is about money required until confidence is restored, and it is confidence that is key. Because the reality is that confidence is all there is to money because it literally comes out of thin air:
Greece isn\’t illiquid, it isn\’t a matter of confidence. Greece is insolvent.
Please, come along now, accountants are supposed to understand this difference.