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No real austerity in Slovakia
Written by Tibor Blažko
Even in previous decades during years of high growth, Slovakia still ran up big deficits. To enter the euro area a country has to meet a reasonable set of criteria known as the Maastricht criteria. This means that a country which gives up its local currency must keep its deficit […]
Read all posts for ‘debt crisis’
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Lessons of austerity from the Latin American debt crisis
Written by Luis Felipe Morgado
What is the difference between austerity policies and the politics of austerity? At a time when Europe is pondering how to deal with its debt crisis problem, we look back at the experience of Latin America during the 1980s Latin American debt crisis. Understanding what happened then, and recognizing the advances in economics and government, may yield some lessons for Europe.
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Austerity: it’s all a matter of “when”
Written by Luciano Sobral
The choice between austerity and more spending looks like an intergenerational dilemma, and a good test to the ability of the humankind to think beyond a couple of years.
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Surviving a Debt Crisis
Written by Samuel George
Lessons for Europe from Latin America As I prepared to write what has become the paper Surviving a Debt Crisis: Five Lessons for Europe from Latin America, my first question was whether any of it was applicable at all. Latin America is very different from Europe, and the 1980s are […]
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Time to Cry for Argentina? A Judicial Ruling’s Global Reverberations
Written by Samuel George
By ruling that Buenos Aires must repay sovereign bond holdouts, Judge Griesa may have complicated similar programs in Europe while derailing any hope of Argentina’s reentry into the global financial system. It is tough to blame Judge Thomas Griesa for throwing the book at Argentina. The enigmatic South American nation […]
