sovereign debt

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.


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.


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.


Senate Pulls Puerto Rico Back From the Brink of Fiscal Ruin

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


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.


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.


Germany Appears to Cave on Greek Debt

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


Donald Trump Wants To Make America Greek Again

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


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.


Puerto Rico Is on the Brink of Default

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


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.


After 15 Years, Argentina Agrees To Pay Back U.S. Creditors

Argentina ends 15 years in the financial wilderness after agreeing to pay its debts.

BERLIN, GERMANY - MARCH 23:  German Chancellor Angela Merkel and Greek Prime Minister Alexis Tsipras depart after speaking to the media following talks at the Chancellery on March 23, 2015 in Berlin, Germany. The two leaders are meeting as relations between the Tsipras government and Germany have soured amidst contrary views between the two countries on how Greece can best work itself out of its current economic morass.  (Photo by Sean Gallup/Getty Images)

Greece’s Bailout Deal with Europe Is Starting to Show Cracks

Greece is falling short on reforms it promised in exchange for a third, $95 billion bailout. EU officials are telling Athens to move more quickly, or else money it desperately needs could be delayed.