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Why I signed the petition for a Portuguese debt restructure | March 21, 2014


Yanis Varoufakis

Pray for portugalJorge Rodrigues, of  Portuguese daily Expresso, asked me to explain why it is that I signed the petition of 74 economists calling for an immediate debt restructuring of Portugal’s public debt, how this ‘call’ squares up with our Modest Proposal and what type of debt restructuring I had in mind. My answers follow… (See also this piece on lessons for Portugal from the Greek PSI – click here for the Portuguese published version)

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