The international financial architecture continues to have a gaping hole. There is no institution or procedure to solve sovereign debt crises in an orderly and sustainable manner. The policy response is often to ‘muddle through’. Debt restructurings, when they do happen, are too little, too late. The consequences can be serious and cause unnecessary damage to the social and economic fabric of affected countries, and higher costs for all parties involved.
The Euro crisis, unsustainable debt workouts in many developing countries and the lawsuits of vulture funds that undermine voluntary debt restructurings have triggered a new level of debate about solving sovereign debt crisis. Think tanks, international organisations such as the IMF and the EU, and governments have revived old - and developed new - proposals for sovereign debt resolution mechanisms. The issue is prominent on the European and international policy-making agenda.
This conference, jointly organised by Friedrich-Ebert-Stiftung, erlassjahr.de and the European Network on Debt and Development (Eurodad), aims to link policy and practice. International experts and senior officers from governments and civil society will discuss the reforms that are needed and how they can be put into practice.
To register for the event, please go to: https://feseurope.wufoo.com/forms/welcome-to-the-fesbrussels-registration-page/
Download the agenda here.