As the Eurozone crisis drags on, it is evident that a part of the problem lies in the architecture of debt and its liabilities within the Eurozone and, more generally, the European Union. This paper argues that a large part of the problem can be mitigated by permitting appropriately-structured cross-country liability for sovereign debt incurred by individual nations within the European Union. In brief, the paper makes a case for amending the Treaty...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2013/08/01
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Рабочий документ в рамках исследования вопросов политики
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WPS6555
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1
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1
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2013/08/01
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Disclosed
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International lending, sovereign debt and joint liability : an economic theory model for amending the treaty of Lisbon
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sovereign debt
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