Robin Wigglesworth, hosting a specialized audio episode for the Financial Times, breaks down the mechanics and historical precedents of sovereign debt restructuring. The podcast details the architecture of fiscal emergencies, examining exactly how states negotiate with creditors when survival clashes with pre-committed obligations. The journalistic format translates dense macroeconomic architecture into highly accessible policy stakes, even if it lacks the peer-reviewed rigor of a traditional academic paper. This audio resource provides readers analyzing sovereign finance with a practical, real-time look at how abstract debt theories play out in acute national crises. The episode perfectly illustrates the thesis by analyzing the exact fiscal-emergency test where consent fractures under the weight of state survival.
Financial Times, The Economics Show with Robin Wigglesworth (Podcast)
