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.
The United Nations is marking its 75th anniversary in muted fashion, and not only because of the COVID-19 pandemic. With rising nationalism and the return of great-power rivalry threatening to paralyze the organization at the heart of the multilateral system, many are asking whether global cooperation has a future.
