Ukraine will face a liquidity crisis in July and will not be able to pay coupons on government bonds, analysts at Goldman Sachs predict. Agree with private creditors on debt restructuring, they note, in the near future, the Ukrainian authorities are unlikely to succeed. Ukraine's proposal to restructure debt to private creditors involves writing off 40 percent of the nominal ...

Chris Christie, the governor of New Jersey, announced that he is going to save the “gambling capital” of the East Coast of the United States, Atlantic City, from its financial troubles. Christie called for help from Kevin Orr, who had previously been a crisis manager for bankrupt Detroit. Let us remind you that in Atlantic City in the past...