Why Ukraine Will Get Its Debt Restructured
Push is quickly coming to shove over Ukraine’s $35 billion in government debt, $23 billion of which must be either paid or restructured in June. This is a must-watch for its wider implications. The question is stark: Who is going…
The Greek Debt Deal: Austerity on Steroids
What a week to be Greek—or Spanish, or Portuguese. The debt-swap deal that most of Greece’s private creditors accepted last Thursday evening is of historic importance. Greeks now have at least a fighting chance of digging themselves out of debt…
Eurozone to Greece: Cut a Deal or No Bailout
After the historic, defend-the-euro deal cut among European Union members last month, the question now seems to be who, if anyone, will blink first—political leaders in Greece as they impose more austerity, international lenders, or the bondholders now negotiating what…
Save the Euro! The Risky Option that Could Work
Last week was miserable for those hoping the eurozone holds together and its 17 members remain part of the world’s first common-currency union. The bad news kept coming straight through Thanksgiving. But does it all add up to the collapse…
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