debt
‘Bad Luck Generation’: The Dutch college graduates with US-levels of student debt
In the Netherlands, students who began university between 2015 and 2022 have come to be known as the “bad luck generation” for the amount of debt they’re stuck with, unlike others who have benefited from government assistance. Now, they’re looking for compensation.
Did college mislead students? They wait, hoping for debt relief.
At its peak, Corinthian College had 72,000 students. But now only 15,000 will qualify debt forgiveness as the now-defunct school faces a federal investigation into whether it misled students about graduation and employment rates. For the graduates, there is no debate.
Why Greek voters bucked Europe, backed an anti-austerity party
Voters in Greece have thrown their support behind Alexis Tsipras, the leader of a left-wing, anti-austerity party called Syriza. Tsipras says his first task as prime minister will be to renegotiate the tough economic measures imposed on Greece by the Eurozone, the International Monetary Fund and the European Central Bank. Tsipras says he wants to give Greeks their dignity back.
The new Argentine debt crisis resurrects painful memories and fears of economic disaster
Argentina defaulted for the second time in 13 years after last-ditch talks with US hedge funds collapsed. Many Argentines worry that unless a deal is reached, another default could crash the peso and lead to inflation and unemployment.Argentina defaulted for the second time in 13 years after last-ditch talks with US hedge funds collapsed. Many Argentines worry that unless a deal is reached, another default could crash the peso and lead to inflation and unemployment.