The 1980s Brady Plan, in which creditors to Latin American and Eastern European nations took...

|By:, SA News Editor

The 1980s Brady Plan, in which creditors to Latin American and Eastern European nations took haircuts in return for other inducements, could serve as a model for getting out of the EU debt crisis, writes Barry Eichengreen. One of the architects back then: Jean-Claude Trichet, who needs to "dust off his notes" and show his fellow EU leaders how to make it work.