Politically acceptable debt restructuring in the Eurozone

In this audio from VoxEU.org Charles Wyplosz talks to Viv Davies about the recent Special Geneva Report, ‘The PADRE Plan: politically acceptable debt restructuring in the Eurozone’, co-authored with Pierre Pâris and published jointly by CEPR and ICMB. Wyplosz explains how debt restructuring can be managed in a safe way, why it would not have an inflationary effect and how moral hazard could be mitigated, if not eliminated.

A direct link to the audio.

See also: Pâris, P and C Wyplosz (2014), PADRE: Politically Acceptable Debt Restructuring in the Eurozone, 28 January.