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Venezuela is one of the world's largest oil exporters, but thanks to economic mismanagement it was already finding it difficult to pay its way even before the oil price started falling.
"If Italy really gets hit by contagion because of political mismanagement, it would be a threat not only to the euro zone, but to the global economy".
Argentina has long been guilty of fiscal mismanagement: it first reneged on a government bond in 1828, and it has bilked its lenders repeatedly ever since.
Within 40 years, after two costly world wars and economic mismanagement, it became a net debtor and the dollar usurped sterling's role.
As a result of this economic mismanagement it joined the Euro in 2001, rather than 1999 like many other EU nations.
While there is still occasional fraud or mismanagement, it has clearly helped that the industry is plagued by far less of this.
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"There are financial problems due to — I don't want to call it mismanagement, I want to call it lack of management".
It is a product that has survived undercapitalization, it has survived mismanagement and it has grown the more exposure that it has gotten".
"It's mismanagement, and it's got to be fixed," Mr. Schmitt said.
A 2015 government report found widespread mismanagement of its IT systems, which wasted millions of dollars and hampered operations at the Copyright Office and elsewhere.
Not only did it suffer from what critics said were decades of mismanagement, but it also allowed its endowment to shrink from $16 million in 1986 to next to nothing, as a result of the 1987 stock market collapse and the use of the endowment to erase operating deficits.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com