Cate Long on Puerto Rico debt problems and more on Greece
Anxiety over the financial future of Greece is only building. European equities are falling dramatically and Athens’ main stock exchange has fallen 41 percent in the last twelve months making it one of the world’s worst performing indexes. Boom Bust guest host Ameera David weighs in.
Ameera and Edward review the talks by Greek Finance Minister Yanis Varoufakis and German Finance Minister Wolfgag Schaeuble at the Brookings Institution on Thursday ,and the very different visions the two laid out for sustainable growth in Greece and elsewhere in the eurozone.
Erin also sits down with Cate Long – partner at Puerto Rico Clearinghouse and founder of Multiple Markets. They talk about the latest events surrounding Puerto Rico’s attempts to get to grips with its debt burden. Cate tells us how three cash-strapped public corporations in Puerto Rico will find the money they need to pay their creditors and gives us her take on the government’s tax changes.
After the break, Bianca gives us a daily news update on other headlines including minimum wage protests in the US, German yields, Chinese property developers, and Argentina.
And in The Big Deal, Ameera and Erin discuss Etsy IPO and Yelp.
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