The Greek economy has collapsed. Over the past five years, its GDP shrank by 25%. Youth unemployment stands at 60%. As of yesterday, June 29, it closed all its banks for one week. Today, June 30, it defaulted… Read More
He finally did it. In order to save Puerto Rico from a “death spiral,” Governor Alejandro Garcia Padilla announced that the island cannot pay the $73 billion public debt, in the manner that the US is demanding…. Read More