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The Critical Examination of the Legality of Odious Debt: A Case Study of the Sovereign Debt of Greece

المصدر: المجلة المصرية للدراسات القانونية والاقتصادية
الناشر: احمد عبد الصبور الدلجاوي
المؤلف الرئيسي: Bamgbose, Olaoluwatofunmi (Author)
المجلد/العدد: ع12
محكمة: نعم
الدولة: مصر
التاريخ الميلادي: 2019
الشهر: يناير
الصفحات: 291 - 317
DOI: 10.33812/1834-000-012-009
ISSN: 2356-931X
رقم MD: 940584
نوع المحتوى: بحوث ومقالات
اللغة: الإنجليزية
قواعد المعلومات: IslamicInfo, EcoLink
مواضيع:
كلمات المؤلف المفتاحية:
Sovereign Debt | Odious Debt | Greek Debt Crisis
رابط المحتوى:
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المستخلص: The paper focuses on sovereign debts in the context of the Greek debt crisis. An interesting feature of sovereign debt is that, the impact of excessive-borrowing does not reflect immediately on the economy of the borrowing country. The magnitude of such debts may not be realised until a few years after such debts have been incurred. At this point, the present citizens who neither knew about the debts nor benefited from it, is burdened with the responsibility of making sure the country pays back what is owed. This arguably is the bedrock of the “odious debt” doctrine which is extensively explained in this work as it relates to the Greek debt crisis. The paper further explains the unenforceability of the odious debt doctrine and proposes recommendations to legalise the said doctrine

ISSN: 2356-931X