Life after Debt: will Europe get a debt deal?

Sean Whelan With elections due in several eurozone countries, the electorates of different states have differing views on debt relief

Mario Draghi, president of the European Central Bank Picture: EPA

It seems so simple, so civilised – a debt conference for the euro-periphery. A multilateral, multinational affair to agree a series of writeoffs and term extensions to make the unsustainable sustainable. Then step back, and watch the PIIGS [Portugal, Italy, Ireland, Greece and Spain] take off like rockets. Or something like that.

Of course, Michael Noonan would be interested in such a thing, especially if ...