by Diana Hulova,
As the debt crisis in Europe and the Global South moves into a new year, Eurodad and German member organisation Erlassjahr organised a seminar on global debt management in Berlin. I attended the seminar which brought together civil society, academics and some government officials to debate the current global governance of sovereign debt crises and the idea of establishing an international debt workout mechanism.
A new debt management structure urged
The workshop was timely coming amidst increasing calls for alternative solutions to sovereign debt problems, which continue to be a major challenge for global financial stability. The debt crisis hitting hard in Europe and the Global South and the rising vulnerabilities of indebted countries are a proof of the shortfalls of the ...