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Restructuring Argentina’s Private Debt is Essential

Summary:
JOSEPH E. STIGLITZ, EDMUND S. PHELPS, CARMEN M. REINHARTArgentina's creditors are being asked to accept a proposal that would reduce their revenue stream but make it sustainable. A responsible resolution will set a positive precedent, not only for Argentina, but for the international financial system as a whole.Read rest and list of signatures here.

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JOSEPH E. STIGLITZ, EDMUND S. PHELPS, CARMEN M. REINHART

Argentina's creditors are being asked to accept a proposal that would reduce their revenue stream but make it sustainable. A responsible resolution will set a positive precedent, not only for Argentina, but for the international financial system as a whole.

Read rest and list of signatures here.

Matias Vernengo
Econ Prof at @BucknellU Co-editor of ROKE & Co-Editor in Chief of the New Palgrave Dictionary of Economics

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