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Moral Suasion, Financial Relief and Debt Default

In: Crisis in the Eurozone

Author

Listed:
  • Mark Baimbridge

    (University of Bradford)

  • Philip B. Whyman

    (University of Central Lancashire)

Abstract

As previously discussed, the eurozone came under unprecedented strain, in particular as the credit crunch induced recession-triggered problems within the eurozone regarding sovereign debt, leading to a series of potential remedies instigated by the EU itself. This chapter consists of a critical evaluation of the solutions that have been instigated in relation to moral persuasion, financial relief measures and debt default. In contrast, the subsequent chapters of this section of the book address a series of alternative and perhaps more radical propositions concerning fiscal federalism and a European Clearing Union, and envisions a scenario in which the euro might even collapse.

Suggested Citation

  • Mark Baimbridge & Philip B. Whyman, 2015. "Moral Suasion, Financial Relief and Debt Default," Palgrave Macmillan Books, in: Crisis in the Eurozone, chapter 9, pages 139-155, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-32903-5_9
    DOI: 10.1057/9781137329035_9
    as

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