School of Transnational Governance

Putting the Greek debt issue to rest

The School of Transnational Governance (STG) is pleased to announce the upcoming roundtable on 'Putting the Greek Debt Problem to Rest'.

How can the Greek debt issue be put to rest without shifting an excessive burden on future generations, and ultimately imperil mutual trust and solidarity among EU member states? During a roundtable in the context of The State of the Union, Miguel Poiares Maduro, Director of the STG; Richard Portes, Professor of Economics, London Business School; and Jeromin Zettelmeyer, Senior fellow of the Peterson Institute for International Economics, will address this question and explore possible future scenarios.

Greece’s third economic programme has been relatively successful, but before it can return to private market financing, the country will require more official debt relief. The authors of an Independent Report reveal their findings about the amount of debt relief required and discuss how alternative models of debt relief could and should be delivered. They will also examine the incentives which would be triggered by those alternative models.

The discussants, amongst whom Maduro, Portes and Zettelmeyer are also co-authors of the ‘Independent Report on the Greek Official Debt’, a Policy Insight for the Centre for Economic Policy and Research, will present to the audience their findings on how to make Greece's debt sustainable, making a strong case for the necessity of some extent of face-value debt relief.

The event will take place from 13.15 - 14.00 at Palazzo Vecchio, Florence on 11 May 2018. It will be open to participants at The State of the Union.

For more information or to express interest in attending the event, please contact [email protected]