Tag: bailout

China’s Evergrande: A Serious Crisis, But Hardly an Asian Lehman Brothers

The Evergrande Group, a giant Chinese real estate developer, is on the brink of default. For the Chinese bureaucracy, the crisis is not only an “opportunity to regulate the sector,” as some would have us believe. But it is too early to declare this a Chinese version of the 2008 Lehman Brothers collapse, since the Chinese government will not likely wait for things to reach that level.

The Eurogroup’s brutal agreement on Greece: A colonialist pact

After 48 hours of meetings, Alexis Tsipras accepted every condition of the Eurogroup in order to reach an agreement. The Greek parliament will approve privatizations, cut backs, and other austerity measures in the next three days in exchange for a new bailout.

China’s Evergrande: A Serious Crisis, But Hardly an Asian Lehman Brothers

The Evergrande Group, a giant Chinese real estate developer, is on the brink of default. For the Chinese bureaucracy, the crisis is not only an “opportunity to regulate the sector,” as some would have us believe. But it is too early to declare this a Chinese version of the 2008 Lehman Brothers collapse, since the Chinese government will not likely wait for things to reach that level.

The Eurogroup’s brutal agreement on Greece: A colonialist pact

After 48 hours of meetings, Alexis Tsipras accepted every condition of the Eurogroup in order to reach an agreement. The Greek parliament will approve privatizations, cut backs, and other austerity measures in the next three days in exchange for a new bailout.