Tag Archives: debt crisis

Mar 4 2016

Argentina debt restructuring deal – 15 years too late!

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By Kanad Bagchi On 28th February 2016, Argentina finally reached a settlement with the rest of its holdout creditors lead by Elliot Management in what is being hailed as ‘historic’ signalling the return of Argentina to international bond markets. While … Continue reading

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Feb 18 2016

Socio-Economic reflections on the Euro Zone

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by Lucas Juan Manuel Alonso Alonso 1.Austerity Policy: Social Costs and Achievements Is it possible for Europe’s Mediterranean countries—considering the current and projected economic growth—to pay interest and debt amortization and, if so, at which cost? It would be interesting … Continue reading

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Oct 8 2015

UN General Assembly resolution on Basic Principles on Debt Restructuring Processes: a first step towards a global state bankruptcy regime?

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By Kanad Bagchi In what was hailed as a ‘historic’ move, the United Nations General Assembly (“GA”) adopted its resolution concerning Basic Principles on Sovereign Debt Restructuring Processes on 10th September 2015 (“resolution”), despite persistent opposition from several member countries, … Continue reading

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Sep 25 2015

The Austerity Tortoise and the Keynesian Hare

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By Douglas Bulloch Nobel-Laureate-Paul-Krugman recently used his New York Times column to instruct Grandmothers on the best method for removing the contents of intact eggs (hint: with a straw). But his reductive account of Keynesian economics merely obliges a response … Continue reading

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Jul 7 2015

Grexit remains unlikely, but time is against the Greek government

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By Lorenzo Codogno Eurozone finance ministers met today (Tuesday 7 July) to discuss the Greek debt crisis following the country’s ‘No’ vote in its bailout referendum on 5 July. While a Grexit remains unlikely, the risks have clearly increased since … Continue reading

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May 22 2015

Are Italian Public Debt Forecasts Too Optimistic?

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By Giuseppe Bianchimani Italy, a history of large public debt Italy has the third largest stock of public debt in the world, the second in the euro zone next to Greece and the highest debt service ratio in the G7. … Continue reading

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Feb 11 2015

The Greek Government’s programme: an act of defiance or a call for compromise?

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By Eleftherios Antonopoulos & Konstantinos Kostagiannis International media described the Greek prime minister’s address to the parliament on Sunday as “defiant” (BBC and Reuters for example). Yet, what emerged from the speech was a mildly coherent attempt to bridge the … Continue reading

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Jan 31 2014

Do We Want to Solve the Eurocrisis? Let’s Look South!

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By Mark Esposito   If there is a country, which should receive our apologies, that is Greece. We need to apologize for having demonized a small and modest economy (less than 2% of the EU GDP) as the black sheep … Continue reading

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Jan 13 2014

Europe is diverging: ignore it at your peril

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By Lorenzo Marsili In the optimistic 1990s, the introduction of the Euro was to represent the kernel of the European integration process. The single currency was meant to act as the motor for the “ever-closer” convergence of European economies, thereby … Continue reading

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May 8 2013

The politics of the German war reparations to Greece

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By Vassilis Paipais Crises are often described as moments in which the barriers between normality and its exception break down. The controversial German jurist of the previous century, Carl Schmitt, argued that during exceptional times when given definitions, established habits … Continue reading

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