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

Gros, Daniel. and Mayer, Thomas. (2011) Debt reduction with (a messy) default. CEPS Commmentary, 23 June 2011. [Policy Paper]

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    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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    Item Type: Policy Paper
    Subjects for non-EU documents: Countries > Greece
    EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on/reforms/economic governance
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 23 Jun 2011 23:46
    Number of Pages: 2
    Last Modified: 23 Jun 2011 23:46
    URI: http://aei.pitt.edu/id/eprint/32097

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