We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Keeping default out of the club

10 December 2009 By Ian Campbell

A sovereign default is possible in the euro zone, but the authorities would fight to prevent it since one member’s failure would raise debt costs for many. The EU and IMF would demand policy changes. But ultimately a country’s willingness to make sacrifices will be decisive.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)