European countries must support the United Nations’ proposals for sovereign debt restructuring! – Open letter to the UN by 19 economists

Yanis Varoufakis

On September 10, the United Nations General Assembly will vote on nine principles concerning the restructuring of sovereign debts. Abiding by such principles would have avoided the pitfalls of the Greek crisis, in which political representatives gave in to creditor demands despite their lack of economic sense and their disastrous social impact. This public interest resolution must be supported by all European states and brought into the public debate. 

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