Rich-country suppliers of finance, rich-country regulators and the international financial institutions directed by rich-country governments all need to do better if the full mutual benefits of financial globalisation are to be achieved.
"Young people are increasingly and systematically financing richer, older people.
"This index highlights... the increasing problem of poorer young people financing richer older people".
"The index shows that poorer young people are financing richer old people as our society grapples with demographic change and increasing longevity".
"But people in finance are rich — so it logically follows that everything they chose to do must be smart.
Finland's culture minister has questioned "whether Finnish taxpayers should finance a rich, multinational foundation in the first place".
The IMF reckons that next year Ireland must finance the rich world's largest budget deficit as a share of GDP.
Among the key points still in dispute, he cited $100bn€91bnbn) in annual climate finance that rich nations had promised for developing countries from 2020.
With some voting rights suspended among the contenders, and with Montedison's call on January 29th for a shareholders' meeting at Fondiaria to renew its board, it is a messy business.Italian finance is rich territory for conspiracy theorists.
Countries in sub-Saharan Africa are already spending about $5bn from their own budgets to prepare for climate change – much more than they were receiving in climate finance from rich countries, according to Oxfam.
David Creighton of Cordiant, which manages more than $2.4 billion in private-debt funds that lend exclusively to firms in the developing world, says poor and middle-income countries are just as much in need of alternative sources of finance as rich ones.
