Sovereign finances survived the global recession, just barely in some cases, but now Puerto Rico and Venezuela are insolvent. While the reasons for their plight may differ, there are lessons common to all defaults that investors and citizens should heed.
Nov 30, 2017 predicts that key similarities between Puerto Rico and Venezuela will emerge as their debt sagas play out.
Oct 6, 2016 & examine the perils holdout creditors now pose for countries, like Venezuela, facing sovereign default.
Nov 9, 2015 & believe that restructuring should be subject to nine principles adopted in September by the UN.
Sep 2, 2015 says that the US and the island's government both bear responsibility for the deepening crisis.
Not long ago, America was the unchallenged global hegemon. But as inept leadership fuels an alarming surge in COVID-19 cases amid deepening economic distress and nationwide protests against systemic racism and police violence, many are wondering whether the US can govern itself, much less lead the world.
