ASSESSMENTS

A Bankruptcy of Nuclear Proportions

Apr 10, 2017 | 15:37 GMT

With the failure of Westinghouse, the future of American nuclear power looks even bleaker.

(JEFF FUSCO/Getty Images)

Summary

In any given year, a handful of companies file for Chapter 11 bankruptcy in the United States. Rarely, however, does one of these filings reverberate beyond the boardroom and into the realm of geopolitics. Those that do — Lehman Brothers in 2008, or the "Big Three" U.S. automakers in 2008-10 — usually involve hundreds of billions of dollars. But the next big geopolitically relevant bankruptcy may be on the horizon, and the amount of money involved is tiny next to the collapses of the past decade.

In any given year, a handful of companies file for Chapter 11 bankruptcy in the United States. Rarely, however, does one of these filings reverberate beyond the boardroom and into the realm of geopolitics. Those that do -- Lehman Brothers in 2008, or the "Big Three" U.S. automakers in 2008-10 -- usually involve hundreds of billions of dollars. But the next big geopolitically relevant bankruptcy may be on the horizon, and the amount of money involved is tiny next to the collapses of the past decade....

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