Staatsinsolvenzen in der Finanzmarktkrise
Alexander Dilger
May 2023

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Abstract

State Bankruptcies in the Financial Market Crisis

The global financial market crisis began in the USA in 2007, but then affected the euro zone much more severely, where national bankruptcies threatened and Greece actually no longer fully serviced its debts. However, there are no orderly procedures for state bankruptcies or for exiting the euro zone, where the problems of excessive national debt are greater and more difficult to solve.