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Resolving the Private Sector Debt Overhang in Europe

IMF Seminar

imf seminars event

DATE: October 11, 2014

DAY: Saturday

3:45 PM - 4:45 PM

LOCATION: George Washington University, Jack Morton Auditorium

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Overview

The large volume of distressed debt owed by corporates and households in crisis affected European countries is macro-critical and poses a risk to economic recovery and financial stability. High debt overhangs impede economic recovery and growth by consuming valuable bank resources and constraining the supply of fresh credit. Policies are needed at European and national levels to foster an environment where debtors and creditors are incentivized to engage in meaningful debt resolution discussions. The proposed seminar would explore these issues with a view to providing guidance that would aid policy makers and others seeking solutions in this complex area
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Resolving the Private Sector Debt Overhang in Europe

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      Panelists

      Gillian

      Gillian Tett serves as US managing editor. She writes weekly columns for the Financial Times, covering a range of economic, financial, political and social issues. In 2014, she was named Columnist of the Year in the British Press Awards and was the first recipient of the Royal Anthropological Institute Marsh Award. Her other honors include a SABEW Award for best feature article (2012), President’s Medal by the British Academy (2011), being recognized as Journalist of the Year (2009) and Business Journalist of the Year (2008) by the British Press Awards, and as Senior Financial Journalist of the Year (2007) by the Wincott Awards. In June 2009 her book Fool’s Gold won Financial Book of the Year at the inaugural Spear’s Book Awards.