Author : Erik Jones
Publisher :
ISBN 13 : 9789284648207
Total Pages : 29 pages
Book Rating : 4.6/5 (482 download)
Book Synopsis A Feasibility Check on Core Elements Needed for "orderly" Sovereign Debt Restructuring And/or Debt Mutualisation in the Euro Area by : Erik Jones
Download or read book A Feasibility Check on Core Elements Needed for "orderly" Sovereign Debt Restructuring And/or Debt Mutualisation in the Euro Area written by Erik Jones and published by . This book was released on 2019 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this briefing note is to explore the requirements for orderly sovereign debt restructuring or the mutualisation of sovereign debt among the Euro Area Member States. The briefing has three sections. The first provides an overview of the challenges associated with restructuring sovereign debt in the euro area. The second examines the underlying need for sovereign debt restructuring and assesses how much of that need can be addressed or mitigated through the institutions for European macroeconomic governance. The third section offers policy recommendations to meet those challenges that remain.