Debt reduction with (a messy) default. CEPS Commmentary, 23 June 2011

Abstract

Pointing out that disorderly default or further bailouts are not the only solution to the Greek debt crisis, Daniel Gros and Thomas Mayer argue in this CEPS commentary that a sounder and less messy approach would be to take advantage of the current low prices of Greek debt to go for a market-based debt reduction

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32097oai:aei.pitt.edu:32097
Last time updated on June 25, 2012

This paper was published in Archive of European Integration.

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