Spain is involved in two stories today that point to the difficulties that surround sovereign governments that are overindebted in foreign currency. There are a ton of Spanish-language links for that reason.
In Argentina, the story is about Spain's oil giant Repsol having it's stake in Argentina's YPF being forcibly taken by the Fernandez de Kirchner government in Argentina. This is a populist move which brings Argentina ever closer to Chavez in Venezuela and definitely reminds us that the co...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.