In this article, we use the Greek insolvency law and its present status as a role model for the demonstration of the central role insolvency law generally plays within a given economy. The Greek example amplifies in a particular instructive way the interrelationship between the functionality of...

German Abstract: Dieser Beitrag listet eine Reihe politischer, ökonomischer und juristischer Gründe auf, die den Entscheidungsträgern die Notwendigkeit vor Augen führen sollen, dass die Einführung eines juristischen Verfahrens zur Lösung von Staatspleiten unabdingbar ist. Zwar ist die...

The massive crisis lingering in the Eurozone for almost 4 years now has been confronted by an enhanced integration of fiscal policies and regulations, an increase in the control mechanisms by EU institutions, and by the creation of ex post crisis management instruments to deal with the severe...