Politicians might conclude that debt restructuring is inevitable.
The West’s Day of Fiscal Reckoning, Part II
In theory, there are four options to address the West’s debt overhang.
Sovereign Debt Difficulties: Had Enough Yet?
Can the fragmentary and chaotic process of resolving sovereign debt crises be made fairer and more effective?
The French Road to Perdition
How will the outcome of the French presidential election influence the fate of Europe’s monetary union?
Ringfencing Greece
Is Europe’s primary goal to fix Greece — or to keep Greece from contaminating the rest of Europe?
The Historical Roots of Greece’s Debt Crisis
Can the roots of today’s debt crisis in Greece be traced as far back as the 1830s?
Euro Crisis: Economic Turmoil, Political Backlash
How is the global economic crisis generating a political backlash — even in the prosperous core of the eurozone?
Could Greece Go Over the Cliff?
Is a Greek financial default unavoidable — or are there signs that the country will recover?
Why Europe Went to the Brink
Why did the European financial system fail during the economic crisis?
Europe's Debt Crisis: Long-Term Economic Decline?
Is the turmoil over the euro accelerating the long-term erosion of Europe's economic power?