Created on the ideological foundation of an “ever closer union,” the European Union (EU) consists of 28 economically wedded nations. Despite the EU’s image as a singular European family with common monetary and agricultural policy, it finds itself on uncertain ...

With former Citibank chairman Walter Wriston once declaring “countries don’t go bust,” the notion of a central government defaulting on its debt produces an image of nothing less than anarchy and societal collapse. Yet, Argentina has done just that: becoming ...