ANDRE BALADI International Corporate Governance Network / ICGNPETER AKOS BOD Corvinus University (of Economics), Budapest, HungaryCHRISTOS GORTSOS Department of International & European Studies, Panteion University, Athens, Greece, and the Hellenic Bank AssociationNIKOS HARITAKIS Department of Economics, University of Athens, GreeceDANIEL KAESER International Monetary Fund MICHAEL SAKBANI The Herbert Walker School of Business, Webster University, Geneva, SwitzerlandALEXANDRE VAUTRAVERS International Relations Department, Webster University, Geneva, Switzerland

• List of Figures List of Tables Acknowledgements Notes on Contributors Introduction; O.Hieronymi & C.A.Stephanou The International Monetary System and the Debt Issue; O.Hieronymi The Dual Debt Problem in the US and in Europe: Are the Policy Makers Addressing the Right Issues?; M.Sakbani The Illusion of Monetary Sovereignty; P.A.Bod Building Firewalls: European Responses to the Sovereign Debt Crisis; C.A.Stephanou The Case for a Sovereigns' Bankruptcy Procedure; D.Kaeser The Impact of the Current Eurozone Fiscal Crisis on the Greek Banking Sector and the Measures Adopted to Preserve its Stability; C.Gortsos Options, Decisions and Implementation under Extreme Market Conditions: Economic policy in Greece the day after;  N.Haritakis    Quo Vadis Global Financial Governance?; A.Baladi International Debt and Globalization; A.Vautravers Conclusions and Outlook; O.Hieronymi & C.A.Stephanou Annex: The Information Crisis and the Need to Improve the Availability and the Use of Relevant Statistics Bibliography Index

ANDRE BALADI International Corporate Governance Network / ICGNPETER AKOS BOD Corvinus University (of Economics), Budapest, HungaryCHRISTOS GORTSOS Department of International & European Studies, Panteion University, Athens, Greece, and the Hellenic Bank AssociationNIKOS HARITAKIS Department of Economics, University of Athens, GreeceDANIEL KAESER International Monetary Fund MICHAEL SAKBANI The Herbert Walker School of Business, Webster University, Geneva, SwitzerlandALEXANDRE VAUTRAVERS International Relations Department, Webster University, Geneva, Switzerland

• List of Figures List of Tables Acknowledgements Notes on Contributors Introduction; O.Hieronymi & C.A.Stephanou The International Monetary System and the Debt Issue; O.Hieronymi The Dual Debt Problem in the US and in Europe: Are the Policy Makers Addressing the Right Issues?; M.Sakbani The Illusion of Monetary Sovereignty; P.A.Bod Building Firewalls: European Responses to the Sovereign Debt Crisis; C.A.Stephanou The Case for a Sovereigns' Bankruptcy Procedure; D.Kaeser The Impact of the Current Eurozone Fiscal Crisis on the Greek Banking Sector and the Measures Adopted to Preserve its Stability; C.Gortsos Options, Decisions and Implementation under Extreme Market Conditions: Economic policy in Greece the day after;  N.Haritakis    Quo Vadis Global Financial Governance?; A.Baladi International Debt and Globalization; A.Vautravers Conclusions and Outlook; O.Hieronymi & C.A.Stephanou Annex: The Information Crisis and the Need to Improve the Availability and the Use of Relevant Statistics Bibliography Index