Greece woman on street Michael Debets/ZumaPress

怎样对主权债务违约

伊萨卡岛—希腊债务的金融边缘政策引起了一个问题:这个国家是否(或何时)会违约。平心而论,对希腊及其债权人来说,形成谈判解决方案要好得多。但这一结果还远远不能确定。希腊政府在上个月勉强进行了一大笔偿付,而今年夏天到期的偿付规模还要大,首先是6月的一笔超过15亿欧元的国际货币基金(IMF)债务分期偿还款。

希腊官员在考虑选项时最好记住,主权债务违约的方式也分好坏——特别是如果渴望尽快重塑国家信誉的话。在未来几个月中,希腊政府最好考虑三大指导方针:

不要指责:违约是痛苦的,即使对于长期来说这是正确的选择。不管经历什么痛苦,指责责任总是颇有诱惑力的行为。但抵制这一诱惑很重要。更有可能的情况是,主权债务人必须再次与同样的债权人和国际行动方打交道。很难知道阿根廷在其重大违约过程中欠妥的外交声明对其与美国司法制度碰面时造成了多大的伤害;但很显然,其不当的官方说辞没有形成积极的效果。

To continue reading, please log in or enter your email address.

Registration is quick and easy and requires only your email address. If you already have an account with us, please log in. Or subscribe now for unlimited access.

required

Log in

http://prosyn.org/pn2qOmX/zh;
  1. Patrick Kovarik/Getty Images

    The Summit of Climate Hopes

    Presidents, prime ministers, and policymakers gather in Paris today for the One Planet Summit. But with no senior US representative attending, is the 2015 Paris climate agreement still viable?

  2. Trump greets his supporters The Washington Post/Getty Images

    Populist Plutocracy and the Future of America

    • In the first year of his presidency, Donald Trump has consistently sold out the blue-collar, socially conservative whites who brought him to power, while pursuing policies to enrich his fellow plutocrats. 

    • Sooner or later, Trump's core supporters will wake up to this fact, so it is worth asking how far he might go to keep them on his side.
  3. Agents are bidding on at the auction of Leonardo da Vinci's 'Salvator Mundi' Eduardo Munoz Alvarez/Getty Images

    The Man Who Didn’t Save the World

    A Saudi prince has been revealed to be the buyer of Leonardo da Vinci's "Salvator Mundi," for which he spent $450.3 million. Had he given the money to the poor, as the subject of the painting instructed another rich man, he could have restored eyesight to nine million people, or enabled 13 million families to grow 50% more food.

  4.  An inside view of the 'AknRobotics' Anadolu Agency/Getty Images

    Two Myths About Automation

    While many people believe that technological progress and job destruction are accelerating dramatically, there is no evidence of either trend. In reality, total factor productivity, the best summary measure of the pace of technical change, has been stagnating since 2005 in the US and across the advanced-country world.

  5. A student shows a combo pictures of three dictators, Austrian born Hitler, Castro and Stalin with Viktor Orban Attila Kisbenedek/Getty Images

    The Hungarian Government’s Failed Campaign of Lies

    The Hungarian government has released the results of its "national consultation" on what it calls the "Soros Plan" to flood the country with Muslim migrants and refugees. But no such plan exists, only a taxpayer-funded propaganda campaign to help a corrupt administration deflect attention from its failure to fulfill Hungarians’ aspirations.

  6. Project Syndicate

    DEBATE: Should the Eurozone Impose Fiscal Union?

    French President Emmanuel Macron wants European leaders to appoint a eurozone finance minister as a way to ensure the single currency's long-term viability. But would it work, and, more fundamentally, is it necessary?

  7. The Year Ahead 2018

    The world’s leading thinkers and policymakers examine what’s come apart in the past year, and anticipate what will define the year ahead.

    Order now