Dokument-ID Dokumenttyp Verfasser/Autoren Herausgeber Haupttitel Abstract Auflage Verlagsort Verlag Erscheinungsjahr Seitenzahl Schriftenreihe Titel Schriftenreihe Bandzahl ISBN Quelle der Hochschulschrift Konferenzname Quelle:Titel Quelle:Jahrgang Quelle:Heftnummer Quelle:Erste Seite Quelle:Letzte Seite URN DOI Abteilungen OPUS4-920 misc Brasche, Ulrich Debt-overhang and ways out The focus of this paper is legacy debt and ways out of it. It introduces credit, debt and financial stress as a basis for understanding the ongoing financial crisis as well as solutions discussed in politics and media. We clarify why and when debt is too much, and discuss ways of avoiding outright default. The main questions are • What are the basics of debt and related financial problems? • How much debt is too much? • Why and when is default a problem to all of us? • Is there a way out of the current debt crisis? While debt and looming bankruptcy of governments is the focus of media attention, we will not neglect the fact, that households, banks and companies in many countries acquired too much debt as well and are therefore a source of problems of their own right. 2014 64 1 65 urn:nbn:de:kobv:522-opus4-9204