Munich – Ullrich Angersbach, a business graduate and financial expert, has published a new analysis examining whether debt relief can actually offer over-indebted nations a sustainable way out of the debt crisis. The starting point for the study is the European debt crisis, particularly the example of Greece. At the same time, Angersbach turns his attention to other highly indebted economies such as Italy, France, and Japan, analyzing the potential economic and political consequences of sovereign debt restructuring.
The analysis focuses on Greece’s debt haircut in 2012, in which private creditors had to write off roughly half of their claims. This step led to a nominal reduction…