sovereign debt

Lebanese demonstrators protest against the government's handling of a collapsing economy, with Lebanon burdened by debt of nearly $90 billion, on Feb. 11, 2020 in Beirut.

Start Preparing for the Coming Debt Crisis

The global financial crisis was just the prelude to what could be coming next. The next administration better be ready.

A demonstrator holds a U.S. dollar bill burned during a protest of the annual meeting of the World Economic Forum in Davos, Switzerland, on Jan. 30, 2010.

Global Capital Is the Tail That Wags the U.S. Economic Dog

Economists have long imagined that the free movement of capital around the world benefits the U.S. economy. It doesn’t.

An employee sorts Turkish lira banknotes at a bank in the town of Sarmada in Syria’s northwestern Idlib province on June 14.

Erdogan Has Hidden an Economic Disaster Deep in Turkish Banks

And he won’t be able to keep the game going for much longer.

A drawing by Augustus Tholey depicting leaders of the Continental Congress in 1775 (from left): John Adams, Robert Morris, Alexander Hamilton, and Thomas Jefferson.

Europe Needs an Alexander Hamilton, Not More Budget Hawks

Without mutual debt in the form of Eurobonds, the continent’s economic crisis will get worse, Euroskepticism will increase, and the EU could fall apart.

Turkish President Recep Tayyip Erdogan (right) vies for the ball with Berat Albayrak—now his finance minister and son-in-law—during an exhibition match in Istanbul on July, 26, 2014.

The Coronavirus Will Destroy Turkey’s Economy

Ankara’s finances were weak before the pandemic—but the combination of external debt, a public health crisis, and a president who chooses to protect his reputation rather than his people could spell disaster.

Russian President Vladimir Putin (R) meets with Britain's Prime Minister Theresa May on the sidelines of the G20 Leaders Summit in Hangzhou on September 4, 2016. / AFP / SPUTNIK / ALEXEI DRUZHININ        (Photo credit should read ALEXEI DRUZHININ/AFP/Getty Images)

Theresa May Should Go After Putin’s Debt

The Russian government's greatest weakness is its dependence on Western investors.

The cruise ship Costa Concordia off the Italian island of Giglio, on Jan. 14, 2012. (Laura Lezza/Getty Images)

Italy’s Election Is a Shipwreck

Italians are rearranging the deck chairs as their country irrevocably sinks.

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Europe, Once Again, Kicks a Long-Term Solution to Greek Debt Down the Road

Everyone says Athens needs debt relief. But Germany won’t give it.

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IMF Chief Paves a Path For Another Greek Rescue

The emergency-lending bank satisfied German demands, but won’t contribute more cash to the bailout until Greece gets some debt relief.

NEW YORK, NY - SEPTEMBER 03:  GOP presidential front-runner Donald Trump speaks at a news conference in Manhattan after he signed a pledge Thursday to support the Republican nominee in the 2016 general election, ruling out a third-party or independent run on September 3, 2015 in New York City. Trump made the announcement following a meeting with  Republican National Committee chairman Reince Priebus. Trump stressed repeatedly in the news conference that he is leading in all national polls.  (Photo by Spencer Platt/Getty Images)

If Anyone Can Bankrupt the United States, Trump Can

The president-elect’s economic plan is a ticket to debtor’s prison.

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Senate Pulls Puerto Rico Back From the Brink of Fiscal Ruin

The Senate gives Puerto Rico a reprieve two days before a debt deadline.

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Germany Won’t Cut Greece Any Slack On the $358 Billion It Owes But Can’t Repay

Greece is set to get cash from Europe, but not relief on debt it can't pay.

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The Puerto Rico Rescue Is Going to Be a Tough Sell To Opponents

The House and White House now have to win over those opposed to providing Puerto Rico debt relief.

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Germany Appears to Cave on Greek Debt

Germany appears to be ready to offer some concessions to Greece.

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Donald Trump Wants To Make America Greek Again

Donald Trump wants to withhold payment on U.S. debt. It would be a disaster.

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Puerto Rico’s Financial Pain Is Only Getting Worse From Here

Puerto Rico defaulted on what amounts to a drop in the bucket of what it ultimately owes.

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Puerto Rico Is on the Brink of Default

Puerto Rico is about to miss payment on $422 million it owes creditors.

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IMF Chief Warns Greece Can’t Meet Terms of Its Debt Deal

IMF chief Christine Lagarde said Greece cannot meet the terms of its bailout deal with Europe.

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Greece’s Debt Crisis Arrives in Foggy Bottom

Greece and its creditors are bringing their debt standoff to Washington.