Economic jitters spread
The week's news at a glance.
Montevideo, Uruguay
A promise of $1.5 billion in loans from the U.S. allowed Uruguayan banks to reopen this week, despite a financial crisis that has left the country on the verge of bankruptcy. Banks had been forced to shutter their doors days earlier after grim financial news sparked a run on private accounts. Lines outside were thinner after the bailout was announced, but some depositors were taking no chances. “I am here to rescue my savings,” one bank customer said. Bush administration officials said the U.S. loans would keep the country afloat for a few days, until a $3.8 billion loan package from the World Bank was due to come through. Financial crises have also battered Argentina and Brazil.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Create an account with the same email registered to your subscription to unlock access.
-
Today's political cartoons - May 19, 2024
Cartoons Sunday's cartoons - 2024 votes, AI woes, and more
By The Week US Published
-
5 high rating cartoons about Biden's low poll numbers
Cartoons Artists take on checklists, ice creams, and more
By The Week US Published
-
A gastronomic tour of the Costa de la Luz
The Week Recommends This Spanish spot has fantastic restaurants "rooted in the region's distinctive produce"
By The Week UK Published