{"id":5828,"date":"2010-01-15T11:04:03","date_gmt":"2010-01-15T09:04:03","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=5828"},"modified":"2010-01-15T11:04:03","modified_gmt":"2010-01-15T09:04:03","slug":"offshore-banking-is-unsustainable","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2010\/01\/15\/offshore-banking-is-unsustainable\/","title":{"rendered":"Offshore banking is unsustainable"},"content":{"rendered":"<p><a href=\"http:\/\/www.ft.com\/cms\/s\/0\/ca8f222e-0141-11df-8c54-00144feabdc0.html?nclick_check=1\">FT.com \/ Columnists \/ Martin Wolf - How the Icelandic saga should end<\/a>.<\/p>\n<p>Martin Wolf says:<\/p>\n<blockquote><p>The combination of cross-border banking with generous guarantees to creditors is unsustainable. Taxpayers cannot be expected to write open-ended insurance on the foreign activities of their banks. It is bad enough to have to do so at home.<\/p><\/blockquote>\n<p>He's right. He used Iceland to draw the conclusion, and it is a correct one.<\/p>\n<p>And it puts a nail in the coffin of offshore banking.<\/p>\n<p>And rightly so.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FT.com \/ Columnists \/ Martin Wolf &#8211; How the Icelandic saga should end. Martin Wolf says: The combination of cross-border banking with generous guarantees to<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2010\/01\/15\/offshore-banking-is-unsustainable\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70],"tags":[],"class_list":["post-5828","post","type-post","status-publish","format-standard","hentry","category-banking"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/5828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=5828"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/5828\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=5828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=5828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=5828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}