Found 2 article(s) for author 'default'

It Could be Too Late to Avoid Catastrophe in Venezuela

It Could be Too Late to Avoid Catastrophe in Venezuela.┬áRicardo Hausmann, February 3, 2016, Opinion. “As markets brace themselves for the negative effects of the decline in oil prices, Venezuela will probably be the first big domino to fall.┬áDomestically, the most likely scenario is an imminent economic collapse and a humanitarian crisis. Internationally, it will imply the largest and messiest emerging market sovereign default since the Argentine crisis of 2001. The situation is made worse by the inability of the political system, at present, to address the situation.Link

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Lessons from Greece and Other Unsuccessful Bailouts

Lessons from Greece and Other Unsuccessful Bailouts.┬áKenneth Rogoff, July 2, 2015, Opinion. “As the Greek crisis evolves, it is important to understand that a successful structural adjustment programme requires strong country ownership. Even if negotiators overcome the most recent sticking points, it will be difficult to trust in their implementation if the Greek people remain unconvinced. That has certainly been the experience so far...” Link

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