Lee Buchheit: Crusader for financially stricken countries Post author By Philip Lane Post date May 28, 2013 FT profile here. Categories In Uncategorized 2 Comments on Lee Buchheit: Crusader for financially stricken countries ← Austerity could only ever bring Europe so far → Why do sovereigns default and why don’t they default more often? 2 replies on “Lee Buchheit: Crusader for financially stricken countries” Let’s hope the SDRM if it ever happens, resembles in no shape or form Ireland’s approach to restructuring its own debtors. Someone might also raise the question of moral hazard? Perhaps Ireland may want to enter a SDRM in order that some rich people can hold on to their ill gotten gains. I think Gregory Connor calls them “strategic defaulters”. Indeed, all such strategic defaulters should be flushed out before we are permitted to enter any SDRM. After all, what is good for the goose must be good for the gander? Perhaps Wolfgang is the new crusader.. http://www.reuters.com/article/2013/05/28/us-europe-unemployment-idUSBRE94R0D320130528 Comments are closed.