Paul Blustein, In the News
In a New York Times article on the IMF, Greece and its increasing overall debt load, CIGI Senior Fellow Paul Blustein comments that the IMF "is responding to the German eat-your-peas argument that has become so powerful in Europe.”
“The world got the impression that this archipelago had been fried by radiation and it wasn’t safe to go,” says CIGI Senior Fellow Paul Blustein. "People landing in Tokyo may be shocked to see just how comfortable and well-to-do this place really is.”
CIGI Senior Visiting Fellow Paul Blustein describes the two main options for countries facing bankruptcy: "the nice way and the tough guy way." Speaking on the current situation in Greece, he adds: "Under just about any projection you can plausibly come up with for the country's growth and for its tax revenue, and for all the resources that it needs to pay off its foreign creditors, it just won't be able to make it."
What happens when a country chooses not to pay its debt and essentially tells its creditors to get lost, as Argentina did in 2001? "This was really a cathartic moment in the country's history," says CIGI Senior Visiting Fellow Paul Blustein, author of And the Money Kept Rolling In (and Out): Wall Street, the IMF, and the Bankrupting of Argentina (PubblicAffairs, 2005).
CIGI Senior Visiting Fellow Paul Blustein comments on the recent Moody's downgrade of Japan's credit rating.
CIGI Senior Fellow Bessma Momani and Senior Visiting Fellow Paul Blustein are on Bloomberg talking about possible candidates for the managing director role at the IMF.