Politically acceptable debt restructuring in the Eurozone

Charles Wyplosz talks to Viv Davies about the recent Special Geneva Report, ‘The PADRE Plan: politically acceptable debt restructuring in the Eurozone’, co-authored with Pierre Pâris and published jointly by CEPR and ICMB. Wyplosz explains how debt restructuring can be managed in a safe way, why it would not have an inflationary effect and how moral hazard could be mitigated, if not eliminated. The interview was recorded in January 2014.