We just saw the first sub-sovereign default in Europe since the Lehman crisis

The Austrian region of Carinthia stands on the edge of bankruptcy. But it won't be getting bailed out, says. Bengt Saelensminde. ‘Bail-ins’ are the new norm.

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Austria's parliament has said it will no longer bail out the state of Carinthia

It's easy to forget quite how far we've come since the dark days of 2008/9.

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MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.