Thursday , March 28 2024
Home / Tag Archives: bailout

Tag Archives: bailout

COVID-19: Not One Penny

By James Kwak The airline industry is trying to hold up the federal government for $29 billion in grants and another $29 billion in loans. They threaten that if they don’t get the grants they will lay off employees, and that if they don’t get the loans they will use their remaining cash on dividends and stock buybacks. Photo by Júlia Orige from PixabayFirst of all, the second threat is staggering in its audacity. At current course and speed, the airlines will go bankrupt. When you are in...

Read More »

COVID-19: Not One Penny

By James Kwak The airline industry is trying to hold up the federal government for $29 billion in grants and another $29 billion in loans. They threaten that if they don’t get the grants they will lay off employees, and that if they don’t get the loans they will use their remaining cash on dividends and stock buybacks. Photo by Júlia Orige from PixabayFirst of all, the second threat is staggering in its audacity. At current course and speed, the airlines will go bankrupt. When you are in...

Read More »

The new European Union

In-depth analysis on Credit Writedowns Pro. By Charles Wyplosz This article originally appeared on Vox on 14 Jul 2015 The new bailout deal for Greece was not easy. This column argues that it was also a failure. It will not be enough to recapitalise banks, it asks for structural reform that exceeds Greek capacities, and it raises the Greek debt-to-GDP ratio to unsustainable levels. In a few months or quarters, the programme will fail and the Grexit question will flare up again. The Summit...

Read More »