“The crisis in Europe is just the latest example of the high costs – for creditors and debtors alike – entailed by the absence of an international rule of law for resolving sovereign-debt crises”

Joseph Stiglitz

Nobel Laureate in Economics
Columbia University Professor
Former Chairman of President Bill Clinton’s Council of Economic Advisors
Former Senior Vice President and Chief Economist of the World Bank
Sovereign debt needs international supervision
The Guardian
June 16, 2015

“The view that Argentina is the exception, […] is at best unsettled, and probably wrong.”

José Antonio Ocampo

Professor of Professional Practice in International and Public Affairs at the School of International and Public Affairs, Columbia University
Director of the Economic and Political Development Concentration at the School of International and Public Affairs, Columbia University

Joseph Stiglitz

Nobel Laureate in Economics
Columbia University Professor
Former Chairman of President Bill Clinton’s Council of Economic Advisors
Former Senior Vice President and Chief Economist of the World Bank

Martín Guzman

Postdoctoral research fellow at the Department of Economics and Finance at Columbia University Business School
Co-chair of the Columbia Initiative for Policy Dialogue Taskforce on Debt Restructuring and Sovereign Bankruptcy

Domenico Lombardi

President of the Oxford Institute for Economic Policy
Senior Fellow at the Brookings Institution
Former executive board member of the World Bank Group
Former executive board member of the International Monetary Fund

Jan Švejnar

Director of the Center on Global Economic Governance
Professor of International and Public Affairs at Columbia University
Founder and Chairman of CERGE-EI in Prague
Frameworks for sovereign debt restructuring
Initiative for Policy Dialogue
April 2, 2015

“The ruling will make it more difficult for countries to free themselves from the burden of over-indebtedness. It will be very bad for international capital markets and it will also diminish national sovereignty.”

Felix Salmon

Senior Editor at Fusion
Finance blogger for Reuters
Former Financial journalist of Portfolio Magazine
Former Financial journalist of Euromoney
Hedge Fund v. Sovereign: How U.S. Courts are upending international finance
Foreign Affairs