Politicians might conclude that debt restructuring is inevitable.
In theory, there are four options to address the West’s debt overhang.
Can the fragmentary and chaotic process of resolving sovereign debt crises be made fairer and more effective?
How will the outcome of the French presidential election influence the fate of Europe’s monetary union?
Is Europe’s primary goal to fix Greece — or to keep Greece from contaminating the rest of Europe?
Can the roots of today’s debt crisis in Greece be traced as far back as the 1830s?
How is the global economic crisis generating a political backlash — even in the prosperous core of the eurozone?
Is a Greek financial default unavoidable — or are there signs that the country will recover?
Why did the European financial system fail during the economic crisis?