HEC in the Press

Mr. Draghi, Mr. Arnault, and Europe’s Gordian Knot

Economonitor.com, 12 September 2012

This article talks about the possible ways to solve the economic crisis. It quotes Ulrich Hege, Finance Professor at HEC Paris in his last research article « Why early sovereign default could save the euro? ». It puts the fiscal debt hole and the creditor protection dogma in the same category. Bondholders are those who have benefited most from public bailouts. It discusses who has actually benefited and who hasn’t from public bailouts and how else taxpayers could be rewarded.


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