Darvas, Zsolt M.; Sapir, André; Wolff, Guntram B. - 2014
advisable. In case debt sustainability proves dif- ficult to achieve later, some form of debt restructuring may prove necessary … 2013, supported by significant budgetary and current-account adjustment and signs of economic recovery. But Irish debt … sustainability is not guaranteed and prudence will be needed to avoid future difficulties. A clean exit for Portugal is not …