Bertelsmann Stiftung (ed.)

Samuel George

Surviving a Debt Crisis: Five Lessons
for Europe from Latin America

  • 1. edition 2013 (PDF)
  • Free of charge

The Latin American debt crisis of 1982 to 1989 and 2001 to 2002 reveals that austerity alone cannot solve a debt crisis. Good haircuts are helpful, too. Economic growth is important as well because a country that grows can pay its debts.