The Eurozone sovereign debt crisis began in the spring of 2010. Seven years on seems like an appropriate point at which to critique how the crisis has been handled and to assess whether policy changes will be required should it flare up again. In particular, there are a number of lessons to be learned from the Greek debt restructuring of 2012. 

 

 

 

Citation
Lee C. Buchheit & G. Mitu Gulati, Sovereign Debt Restructuring in Europe , 9 Global Policy 65–69 (2018).