Public debt

Debt Restructuring & Greece

Who’s (still) exposed to Greece?

Following the recent elections, Greece has come under pressure. Fear is growing about the stance of the newly elected government and there have been s

How to reduce the Greek debt burden?

Since Greece achieved a primary surplus of 2.7 percent of GDP in 2014 (which is expected to increase further in 2015), and there are uncertainties rel

A crazy idea about Italy

Italy needs growth in nominal GDP to stop its debt burden from rising any further. It also needs to reform its economy, raise its productivity an

Making Argentina's Debt Debacle a Rarity

The epic battle between Argentina and a group of U.S. hedge funds illustrates a fundamental flaw in the sovereign bond market: There's no orderly, wel

Early-warning indicators for debt sustainability

The euro area's tightrope walk: debt and competitiveness in Italy and Spain

Competitiveness adjustment in struggling southern euro-area members requires persistently lower inflation than in major trading partners, but low

The Greek debt trap: missing the wrong target

The Greek debt trap: an escape plan

Without corrective measures, Greek public debt will exceed 190 percent of GDP, instead of peaking at the anyway too-high target ratio of 167 percent o

Banking union and Greek bailout renegotiation

The Weekender: From the Spanish program to the banking union - Riga to Athens with love

Dear All, It has been a busy week with conference calls by G7 Minfins and eventually the eurogroup to hammer out an agreement for a Spain program. T

Europe’s growth challenge

The case for supporting Greece