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Articles on Bailout

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Venezuela urgently needs financial assistance, but the regime of Nicolás Maduro has few international allies. AP Photo/Ricardo Mazalan

Nobody is going to bail out Venezuela

China, Russia and the International Monetary Fund are among those contemplating a Venezuela bailout. But help for this debt-stricken nation seems far from assured.
Two men sit at the roadside in the hope of being offered work. South Africa’s unemployment is moving towards 30%. EPA/NIC BOTHMA

Why South Africa shouldn’t turn to the IMF for help

The idea that South Africa must look towards the International Monetary Fund to rescue itself from the prevailing crisis must be dismissed.
Public Protector Busisiwe Mkhwebane has lit a grass fire in South Africa’s financial circles. Reuters/Mike Hutchings

Pursuing a 30-year old bailout is sending South Africa on a wild goose chase

South Africa’s Public Protector, Busisiwe Mkhwebane has touched on two highly contentious issues: the unresolved bailout for a local bank three decades ago. And the role of the country’s Reserve Bank.
She certainly thinks so. Puerto Rico parade via www.shutterstock.com

Is there life after debt for Puerto Rico?

Congress just passed a bailout for Puerto Rico – in the nick of time – yet it’s not enough to solve the island’s biggest challenge: returning to growth.
We bailed out the banks – our food is worth even more, but working out exactly how much more is tricky. Louise Docker/Wikimedia Commons

If dollars rule the world, why don’t the bees get a bailout?

Is it worth trying to put a price on the natural world, when things like water and food are priceless? Yes, says Paul Sutton - without knowing the value of the environment, we might not value it at all.
Alexis Tsipras is on track to win the Greek election. thierry ehrmann

Why are European leaders so afraid of Greece’s Syriza party?

The calling of a snap election in Greece for January 25 has been met with great concern in political circles, prompted direct interventions by top European officials and alarmed markets and credit rating…
Dance with the devil and the devil don’t change: he changes you. HowardLake

Co-op’s latest blunder spells the end for ethical banking

The Co-operative Bank is no longer. What was once an experiment in working class self-help has become the latest victim of rapid changes sweeping the financial sector. It seems unlikely that the ethical…
Taking on water is the last thing a sinking vessel needs. amirjina

Bail ins are the new bail outs, but they won’t save banking

Bailing out banks is so 2008. It seems 2013 is the year of the bank “bail in”. It started with the Co-operative Bank in the UK, when the bank’s management decided to “bail in” some of its bond holders…
As Spanish Prime Minister Mariano Rajoy considers a bailout from the European Central Bank, commentators argue over whether the root of the country’s economic troubles sprang from its housing bubble, rather than prolifigate public spending. AAP

The cautionary tale of Spain’s real estate bubble

Spaniards Fernando and Sara got married in 2007. With the help of their parents, the couple bought a house in the outer suburbs of Sevilla because they couldn’t afford one closer to the city. An art history…

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