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Interview

Restructuring Euro Debt and Latin Lessons

by William R. Cline, Christopher Alessi
Greece's new prime minister is seeking crucial parliamentary support for an EU bailout package that will require restructuring its sovereign debt. Economist William Cline says Uruguay's 2003 default offers a constructive model.
Primary Sources

General Agreement on Trade in Services

Regarding the General Agreement on Trade in Services, the WTO states, "The creation of the GATS was one of the landmark achievements of the Uruguay Round, whose results entered into force in January 1995. The GATS was inspired by essentially the same objectives as its counterpart in merchandise trade, the General Agreement on Tariffs and Trade (GATT): creating a credible and reliable system of international trade rules; ensuring fair and equitable treatment of all participants (principle of non-discrimination); stimulating economic activity through guaranteed policy bindings; and promoting trade and development through progressive liberalization."
Podcast

The World Next Week: December 15, 2011

by Hagit Ariav with James M. Lindsay, Robert McMahon
A preview of world events in the coming week from CFR.org: the Arab Spring's one year anniversary is marked; the U.S. Senate must pass a funding bill or face a government shutdown; and the Mercosur summit convenes in Uruguay.