Greek Debt - The Endgame Scenarios

27 Pages Posted: 14 Apr 2011 Last revised: 25 Dec 2014

See all articles by Lee C. Buchheit

Lee C. Buchheit

Center for Contract and Economic Organization

Mitu Gulati

University of Virginia School of Law

Date Written: April 18, 2011

Abstract

Perhaps Greece - a country with a debt to GDP already approaching 150 percent and set to move even higher - avoids a debt restructuring. Perhaps not.

What are the possible scenarios if Greece cannot return to the capital markets to refinance this gargantuan debt stock once its EU/IMF bailout package expires in two years time? What would a Greek debt restructuring look like after mid-2013? And (sharp intake of breath here) what would happen if such a debt restructuring were undertaken before that point?

Keywords: sovereign debt

Suggested Citation

Buchheit, Lee C. and Gulati, Mitu, Greek Debt - The Endgame Scenarios (April 18, 2011). Available at SSRN: https://ssrn.com/abstract=1807011 or http://dx.doi.org/10.2139/ssrn.1807011

Lee C. Buchheit

Center for Contract and Economic Organization ( email )

New York, NY

Mitu Gulati (Contact Author)

University of Virginia School of Law ( email )

580 Massie Road
Charlottesville, VA 22903
United States

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
4,856
Abstract Views
23,315
Rank
3,526
PlumX Metrics