Legal Implications of the Eurozone Crisis. Debt Restructuring, Sovereign Default and Eurozone Exit
- legal limitations on developing or expanding arrangements designed to avert sovereign default;
- compatibility with EU law of the outright monetary transactions (OMT) programme;
- implications for euro zone member states of decisions arising out of the 2001 Argentine default;
- legal implications of the redenomination of euro obligations into a new national currency;
- impact of capital and exchange controls including their compatibility with IMF, GATT,GATS, and EU law;
- potential for member state liability to bondholders under bilateral investment treaties;
- enforcement of judgments against a sovereign defendant;
- paths to euro zone exit;
- redenomination in the courts of other EU States;
- unlawful euro zone exit;
- expropriation; and
- enforcement of arbitral awards;
- and much more.
|Resources||Table of Contents|
|Product Line||Kluwer Law International|
Preface. C. Saul.
Table of Cases.
Table of Legislation.
Chapter 1. The Origins of the Crisis.
Chapter 2. The EFSM, EFSF, and ESM.
Chapter 3. The Role of the European Central Bank and Banking Union.
Chapter 4. Legal Implications of Member State Default.
Chapter 5. Euro Zone Exit and Redenomination of Obligations.
Chapter 6 . The Role of the Lex Monetae.
Chapter 7. Capital and Exchange Controls.
Chapter 8. Sovereign Default and State Liability under Investment Treaties.
Chapter 9. Conclusion.