Book contents
- Sovereign Debt and Socio-Economic Rights Beyond Crisis
- Sovereign Debt and Socio-Economic Rights Beyond Crisis
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- Foreword
- Acknowledgements
- Table of Cases
- Table of International Treaties and Other Instruments
- Abbreviations
- 1 Introduction
- 2 Sovereign Debt and Neoliberalism
- 3 Economic and Social Rights and Neoliberalism
- 4 Sovereign Debt and ESR in Greece (2009–)
- 5 Conclusions
- Bibliography
- Index
2 - Sovereign Debt and Neoliberalism
Published online by Cambridge University Press: 24 February 2022
- Sovereign Debt and Socio-Economic Rights Beyond Crisis
- Sovereign Debt and Socio-Economic Rights Beyond Crisis
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- Foreword
- Acknowledgements
- Table of Cases
- Table of International Treaties and Other Instruments
- Abbreviations
- 1 Introduction
- 2 Sovereign Debt and Neoliberalism
- 3 Economic and Social Rights and Neoliberalism
- 4 Sovereign Debt and ESR in Greece (2009–)
- 5 Conclusions
- Bibliography
- Index
Summary
This Chapter provides a general definition of sovereign debt, and illustrates the trend, dating back to the 1970s, of rising global public indebtedness, including in advanced economies, to reflect on the actual role of debt in the current global economic system. It then analyses the main elements of the post-crisis reform of the legal framework for economic and fiscal policy making in the European Economic and Monetary Union (a reform linked, inter alia, to the intensified need to subject the fiscal conduct of increasingly indebted states to stricter controls), and discusses how these seem to evidence the increased neoliberalisation of EU economic governance.
Keywords
- Type
- Chapter
- Information
- Sovereign Debt and Socio-Economic Rights Beyond CrisisThe Neoliberalisation of International Law, pp. 28 - 61Publisher: Cambridge University PressPrint publication year: 2022