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A Debt Restructuring Mechanism for Sovereigns: Do We Need a Legal Procedure?

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 | #5710134 in Books |  2014-07-01 | Original language:English | PDF # 1 |  9.50 x6.50 x1.00l,.0 | File type: PDF | 304 pages

||About the Author|Christoph G Paulus is Professor at the Humboldt-Universitat, Berlin.

The Eurozone crisis, which started in Spring 2010 as a Greek budget crisis, has alerted Europeans that the issue of defaulting sovereigns is not one reserved just for the poor and poorest countries on this globe. The crisis painfully amplified that developed countries, too, might be hit by this phenomenon. To be sure, this insight is far from novel - the history of defaulting States reaches back into history for at least two millennia. And yet, lawyers have surprisingly ...

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