Sovereign Debt Distress, Restructurings and Market Access: The Cases of Ireland, Portugal, and Cyprus

by Ms. Colleen Murphy of Global Interdependence Center

Posted to Event on 2/8/2019 at 3:53 PM

{"ops":[{"insert":"Register today! GIC and Drexel’s LeBow College of Business are bringing back the conference on Sovereign Debt Restructurings on"},{"attributes":{"background":"transparent","bold":true},"insert":" February 28th, 2019"},{"insert":".\n\nDuring the Euro debt crisis in 2010-2016, Ireland, Portugal, and Cyprus, along with Greece, were not able to cover all their financing needs in financial markets through medium- and long-term bond financing, or at a sustainable cost, for varying time periods. However, economic adjustment programs, which included measures to strengthen their banking sectors, and the creation of a Euro area crisis-resolution framework (EFSF and ESM) helped these countries regain investor confidence and full market access. This conference will address the main causes and policy responses of Ireland, Portugal, and Cyprus to their individual debt distress situations, discuss various market, legal, and policy perspectives on each of these distress and restructuring cases, and distill lessons for successfully overcoming debt distresses and regaining access to capital markets.\n"}]}


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