Puerto Rico doesn’t need bankruptcy; it needs independence.
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Persuaded By What I Didn’t Hear
Tag Archives: Sovereign Debt
Puerto Rico’s Inevitable Default
Lenders provided Puerto Rico with more debt than it could possibly handle, so of course it defaulted.
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Europe’s Puerto Rico?
Puerto Rico isn’t America’s Greece, and Greece will be lucky to become Europe’s Puerto Rico.
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The Greek Soap Opera Reaches A Climax
The Greek soap opera seems to be reaching its climax, making way for a new tale in which the euro is replaced by the drachma.
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Debtors Can’t Be Hoarders
Why should governments that are broke hold on to art rather than pay creditors or restore services?
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Penny Wise, Euro Foolish
The eurozone undermined its own banking system in order to squeeze a few pennies out of bank depositors in Cyprus.
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A Chiseler As Well As A Deadbeat
Investors fishing for returns in Argentina recall the old joke about a stick with a hook at one end and a fool at the other.
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We’re Spectators To Europe’s Show
The Olympics are not the only events in Europe that have Americans riveted, though we’re unaccustomed to watching from the sidelines.
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Hopelessness In Europe
Investors in Europe are so pessimistic they are paying governments to keep their money for an entire decade.
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