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Debt reduction without default. CEPS Commentary, 28 September 2011

Mayer, Thomas. and Gros, Daniel. (2011) Debt reduction without default. CEPS Commentary, 28 September 2011. [Policy Paper]

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    Abstract

    In light of the continued difficulties experienced by the Greek government to implement the promises it gave to its creditors and convince its own population of the need for further rounds of tough reforms in combination with investors’ doubts that the country will ever be able to grow out of its public debt, this CEPS Commentary reiterates the authors’ earlier proposal to take advantage of the low prices of Greek debt to implement a market-based approach to 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: 03 Oct 2011 14:23
    Number of Pages: 2
    Last Modified: 03 Oct 2011 14:23
    URI: http://aei.pitt.edu/id/eprint/32546

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