Loans and Finance

Loans and Finance

Text

News and information about loans, money, debt, finance and business issues.

Tuesday, July 28, 2015

Troika Morphs Into Quadriga



It seems that the Troika s simply not larger enough to deal with Greece's third bailout negotiations. As such an extra member has been added, namely the ESM.

Thus the Troika has been officially renamed the Quadriga.

What is a Quadriga?

It is a chariot of the gods drawn by four horses.

As Zerohedge points out, the finest example of a Quadriga sits astride the Brandenburg Gate in Berlin.

There's irony for you!

No comments:

Post a Comment