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by ErikVandeWater 1312 days ago
>> The far-right politician is not known for his economic erudition, as he gained notoriety by being the standard-bearer for impeached President Park Geun-hye and claiming that the 1980 Gwangju Uprising, in which South Korea’s dictatorship massacred thousands of pro-democracy protesters, was a North Korean insurrection.

> So he acts on gut instinct alone, without listening to expert advisors

This statement is not supported in your quote, or in the article. One can listen and disagree.

1 comments

Are you suggesting that experts advices that they should default on A1 bonds even though they could clearly manage to extend and pay them? That seems highly unlikely. I don’t think any expert in the field would have such disregard for the importance of trust in the system.