Horn, Gustav A.; Lindner, Fabian; Niechoj, Torsten - 2011
Many are in favor of a restructuring of Greek public debt. It seems that the measures taken so far were not successful … would cast doubt on the future of the euro area. A softer debt restructuring, e.g. in the form of an extension of debt … government bonds in the euro area. But above all, the danger arises that investors would sell large amounts of government bonds …