Writing in The Economist's Voice, Christophe Chamley and Brian Pinto set out a number of reasons against the bailouts which have been offered to Greece and Ireland by the International Monetary Fund and the European Central bank.1 Their main concerns were focused on high risks surrounding privately held bond spreads, or the threat of debt restructuring, otherwise known as a default. The emergence of serious concerns about the state of Spanish, Italian and even American debt levels in the summer of 2011 has created an uncertain economic future globally.
Leonard, L. and Botetzagias, I. (2011), "Introduction", Leonard, L. and Botetzagias, I. (Ed.) Sustainable Politics and the Crisis of the Peripheries: Ireland and Greece (Advances in Ecopolitics, Vol. 8), Emerald Group Publishing Limited, Bingley, pp. ix-xii. https://doi.org/10.1108/S2041-806X(2011)0000008003Download as .RIS
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