Acting Collectively: A Better Way to Restructure Government Debt

From iMFdirect - The IMF Blog Mon Nov 24 2014, 15:28:50

By Sean Hagan  To restructure or not to restructure? That is a question few governments would like to face. Yet, if a country does find itself with an unsustainable debt burden, one way or another, it will have to be restructured. And if that time comes, it is better for the debtor, creditors, and the [...]

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