Mitt Romney, countless times: Europe isn't working in Europe, it sure as hell won't work here in America.
Reuters news: ZURICH/LONDON, Jan 24 (Reuters) - Swiss-based oil refiner Petroplus is filing for insolvency, putting over 2,000 jobs across Europe at risk, after it defaulted on $1.75 billion of debt.
Europe's largest independent refiner by capacity has been teetering since its lenders restricted credit late last year, a victim of thin refining margins and high debt that was a result of its private equity-backed business model.
The Bain Capital model isn't working in Europe.
Reuters news: ZURICH/LONDON, Jan 24 (Reuters) - Swiss-based oil refiner Petroplus is filing for insolvency, putting over 2,000 jobs across Europe at risk, after it defaulted on $1.75 billion of debt.
Europe's largest independent refiner by capacity has been teetering since its lenders restricted credit late last year, a victim of thin refining margins and high debt that was a result of its private equity-backed business model.
The Bain Capital model isn't working in Europe.
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