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Wednesday, January 29, 2014

Pierre Pâris, Charles Wyplosz : The PADRE plan: Politically Acceptable Debt Restructuring in the Eurozone | vox

The PADRE plan: Politically Acceptable Debt Restructuring in the Eurozone | vox





the PADRE plan offers a painless and efficient way of solving the debt
overhang that, if not treated, will haunt Europe for decades to come.
The plan stands to effectively bring the sovereign debt crisis to a
definitive end and save the euro for good. If the plan is adopted, the
market reaction is bound to be enthusiastic, which would provide the
boost to growth and the broad political support that the Eurozone so
desperately needs.

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