TITLE

EU MUST RESTRUCTURE DEBT TO SOLVE THE EUROZONE CRISIS

AUTHOR(S)
RYAN, JOHN
PUB. DATE
May 2012
SOURCE
World Politics Review (19446284);Special Report: Europe, Ever on th, p29
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the need for the European Union (EU) to restructure debt to solve the Eurozone crisis. It is suggested that imposing austerity on Ireland, Portugal, and Greece cannot solve the eurozone's problems. The article also cites the possibility of restructuring that allows peripheral economies to reduce their debt to sustainable levels.
ACCESSION #
76277336

 

Related Articles

  • Eurozone Economic Outlook: Struggles Create Opportunities. Brzeski, Carsten // Journal of Financial Planning;Jun2012, Vol. 25 Issue 6, p32 

    The article focuses on the European sovereign debt crisis of 2012 and the need for continued reforms and austerity measures. It states that Portugal and Italy have suffered from increased competition from emerging markets which has resulted in sluggish economic growth, while Spain and Ireland...

  • Carl Bildt. Philps, Alan // World Today;Jun/Jul2012, Vol. 68 Issue 5/6, p30 

    An interview is presented with Carl Bildt, the former prime minister of Sweden and foreign minister as of 2012. He evaluates the choice between European fiscal austerity and growth financial policies in managing the eurozone debt crisis, notes the debt level of the U.S., and discusses the role...

  • Going South. EL-ERIAN, MOHAMED A. // Foreign Policy;Mar/Apr2013, Issue 199, p26 

    The article discusses the role of the European Central Bank (ECB) in the European financial crisis as of March 2013, with information on the challenges posed by the underlying economic conditions of the eurozone countries. Topics include the insolvency issues in peripheral European economies...

  • Summary. Duffy, David; Durkan, Joseph; O'Sullivan, Cormac // Quarterly Economic Commentary;Winter2011 -Spring2012, p1 

    The article provides an overview of the euro zone economy. Factors leading to recession are identified to be the austerity measures and the policy uncertainty on investment, consumer spending and employment. The state of its banking system is attributed to the write-down of the Greek debt. Its...

  • The European Farce. Ferguson, Niall // Newsweek;5/21/2012, Vol. 159 Issue 21, p19 

    The article presents the author's views on the subject of the European economic system as of May 2012 and economic conditions after the sovereign debt crisis of 2009. Topics include Germany's policy of austerity spending cuts for weak economies in Southern Europe and the possible creation of...

  • Sovereign debt and its restructuring framework in the eurozone. Mody, Ashoka // Oxford Review of Economic Policy;Dec2013, Vol. 29 Issue 4, p715 

    To compensate for the inflexibility due to fixed exchange rates, the eurozone needs flexibility through a system of orderly debt restructuring. With virtually no room for macroeconomic manoeuvring since the crisis onset, fiscal austerity has been the main instrument for achieving reduction of...

  • The European Tragedy. Davies, Stephen // Freeman: Ideas on Liberty;Sep2012, Vol. 62 Issue 7, p18 

    The article offers the author's insights on the crisis in the eurozone which he considers as warning to the U.S. regarding the impact of government profligacy and austerity. He mentions that a Keynesian economic theory which focuses on increasing government spending and widening deficits is the...

  • EUROPE'S LEHMAN BROTHERS MOMENT. Ferguson, Niall // Newsweek;6/18/2012, Vol. 159 Issue 25, p34 

    The article looks at the effects of the economic situation in Europe as of June 2012 on economic recovery in the U.S., which in turn affects the approval ratings of U.S. President Barack Obama. Topics include the United States' federal system for managing debt, German-imposed austerity programs...

  • Markets dive.  // American Cranes & Transport;Sep2011, Vol. 7 Issue 9, p12 

    The article discusses the condition of the global market confidence for July and August 2011. It mentions that stock markets are experiencing sharp declines and volatile trading due to the fears over sovereign debt crisis in Europe and the downgrade for the U.S. It notes that the condition is...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics