LIVE STREAM Available On: October 11, 2014 @ 3:45 PM - 4:45 PM (ET)
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.