Authors
Anahi Wiedenbrüg
London School of Economics
Abstract
When should binding debt contracts not be repaid? This article argues that whenever the repayment of sovereign debt threatens the human rights of the citizenry, this provides a weighty normative reason to prioritize the fulfilment of the latter over the former. Since there are specific, non-coincidental reasons to fear that a high indebtedness of states may result in the undermining of the socio-economic and the collective human rights of a state’s citizenry, the more specific thesis defended in this article is the following: whenever debt repayment undermines the socio-economic and collective human rights of the state´s citizenry, states have a normatively weighty reason to prioritize the fulfilment of the citizen’s human rights over meeting their contractual debt payment obligations vis-à-vis their creditors.
Keywords Sovereign Debt   Debt Repayment   Human Rights   Global Justice   Critiques of Capitalism
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Spheres of Justice.Michael Walzer - 1983 - Basic Books.
Spheres of Justice: A Defense of Pluralism and Equality.Michael Walzer - 1983 - Journal of Business Ethics 4 (1):63-64.
Austerity: The History of a Dangerous Idea.Mark Blyth (ed.) - 2013 - Oxford University Press USA.

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