Evergrande may survive, but for its executives expect a fate worse than debt
- Written by Richard Holden, Professor of Economics, UNSW
Alex Plaveski/APA large, financially interconnected company is on the verge of collapse, weighed down by massive debt. The government ponders a bailout. There’s no easy answer. Doing nothing risks serious financial upheaval. But bailing it out will signal that greed, irresponsibility and moral hazard have no consequences.
It’s a tough...
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