with Nikos Koritsas and Nikos Salakas at Koutalidis Law Firm How Did the 2012 PSI Alleviate Greece’s Debt Crisis? FEATURE OF THE MONTH 15 In 2012, the Greek economy was in dire straits. With a growing fiscal debt crisis that threatened to strike other EU members and the currency itself, a rescue operation was mounted that involved hundreds of billions of euros’ worth of financial aid and an unprecedented private sector involvement (‘PSI’) to enable Greece to restructure its economy. This month we have the pleasure of hearing from Nikos Koritsas and Nikos Salakas at Koutalidis Law Firm, both of whom were deeply involved in the PSI process. Sharing firsthand knowledge of the proceedings, they shed light on the many challenges involved in each step and the consequences for Greek society that continue to be felt after ten years.
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