bailout
Reports on bailout See all →
Will Italy make it?
Italy’s public finance situation is worrying global markets, just as the newly-elected populist coalition is plotting its economic course. The coalition made dramatic promises to voters that could blow past deficit targets and push Italy toward default, bailout or an exit from the euro. But despite their recklessness, the Five Star Movement and the League are more likely to moderate their economic programs — that is, if they can manage to keep their alliance together.
The next Greek bailout (or not)
As Brussels and Athens prepare for new negotiations on the Greek debt in 2017, another flawed bailout deal is on the cards. Neither side is ready to act on the knowledge that Greek public finances are still unsustainable. Postponing the day of reckoning through debt monetization might be the most ...
IMF puts itself in a fix as it bends rules to bail out Ukraine
On December 18, 2015, the government of Ukraine announced it had no intention of honoring a $3 billion Eurobond loan owed to Russia that would mature on December 20. Given the cross-default clause written into that bond, under British law, this was a momentous decision. It gave the Kremlin the ...
Germany emerges as power broker in Greek debt crisis
Fears that Greece’s financial problems could spill over into an international context upsetting the markets proved unfounded as European compromise provided Greece with short-term breathing space. But the Greek saga proved that Germany has the strength and power to drive European policy impacting all other EU members. <...
Searching for a face-saving compromise on Greek debt
The clock is ticking and Greece is getting desperate for a new flow of cash to meet current spending and pay off some its national debts by the February 28 deadline. But it continues to play tough in negotiations with the EU, refusing to accept further austerity measures after an ...
