The Euro Zone Should Look to the Brady Plan to Solve Its Crisis

As the financial crisis within the euro zone widens, governments have been at a loss for immediate action to resolve the situation. In an essay based off of his remarks given at a recent AICGS conference on Balancing Global Macroeconomic Discrepancies, Jacob Funk Kirkegaard of the Peterson Institute for International Economics suggests that the Brady Plan from the Latin American debt crisis in the 1980s might provide a good model for the euro zone as it tries to extricate itself from further crisis.

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Jacob Kirkegaard

Jacob Kirkegaard

Peterson Institute for International Economics

Jacob Kirkegaard is a Senior Fellow at the Peterson Institute for International Economics.