Magazine July 18, 2011, Issue

Debtor Demographics

Greece’s Central Bank Governor George Provopoulos delivers a speech at an annual shareholders meeting in Athens, April 15, 2009. (Yiorgos Karahalis/Reuters)

The other day, Abdul Qadir Fitrat, the governor of Afghanistan’s central bank, fled the country. The only wonder is that there aren’t more fleeing. Not Afghans; central bankers. I mean, you gotta figure that throughout the G-20 there are more than a few with the vague but growing feeling that the jig’s up big time.

Round about the time the Afghan central banker was heading for the hills, the Greek central banker ventured some rare criticisms of his government. “Piling more taxes on taxpayers has reached its limit,” said Giorgos Provopoulos. The alleged austerity measures do not “place enough emphasis on …

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Mark Steyn is an international bestselling author, a Top 41 recording artist, and a leading Canadian human-rights activist.

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Rep. Michele Bachmann regularly gives GOP leaders heartburn, rapping them for cutting spending deals with the White House.

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