Debt default and democracy

Contents: Preface -- Part I: Public debt and individual rationality -- 1. De Viti de Marco vs. Ricardo on public debt: self-extinction or default? / Giuseppe Eusepi and Richard E. Wagner -- 2. Governing the market for sovereign bailouts / Karsten Mause -- 3. Political obligations: is debt special? / Geoffrey Brennan -- 4. Debt default and the limits of the contractual imagination: Pareto and Mosca meet Buchanan / Richard E. Wagner -- Part II: Macro consequences and implications of public debt -- 5. Political economy of government solvency: the institutional framework for stability and sustainability / Andrea Rieck and Ludger Schuknecht -- 6. On some recent proposals of public debt restructuring in the Eurozone / Ernesto Longobardi and Antonio Pedone -- 7. Economic governance in the Euro area: balancing risk reduction and risk sharing / Fabrizio Balassone, Sara Cecchetti, Martina Cecioni, Marika Cioffi, Wanda Cornacchia, Flavia Corneli and Gabriele Semeraro -- 8. Adjustments in the balance sheets - is it normal, this "new normal"? / Liviu Voinea, Alexie Alupoaiei, Florin Dragu and Florian Neagu -- Index.