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His Guinness Flight asset management business included a trust company in Guernsey that used Mossack Fonseca companies to manage investments on behalf of his clients.
"I learned from them and I learned from Apollo: buy top-flight assets when you know you can change or improve them, and buy them inexpensively".
Investor flight from assets denominated in the shaky euro have made the dollar stronger and American exports less competitive abroad.
Investors have dumped emerging-market shares, bonds and currencies in a flight to safer assets.
The trade-weighted dollar is 30% weaker than it was a decade ago, and further declines are likely as (or if) the crisis-period flight to safe assets reverses.
Today's crisis is less about fiscal profligacy than about investors' fears for the euro's sustainability and their flight from peripheral assets.
"It is critical that your government find some mechanism to ensure that there is no flight of these assets," he wrote.
Investors' flight to dollar assets has knocked gold, which has come down from an August high of $1,921 an ounce to $1,669.
Rather, worries about slower growth in the United States, along with a flight to safe assets and a reduction in risk appetite by global investors, have kept the federal government's borrowing rates near historic lows.
Investors have been unwinding their yen-based loans as part of a panicked flight from risky assets — like Budapest home loans and Mumbai equities — and into safer havens like the yen and the American dollar, which is also rising against the euro and British pound.
Operations will continue while the failed airline slashes its payroll, flights and sells assets in a bid to makes itself viable.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com