EU-Singapore trade deal awakens sovereign restructuring fears

Many worry that EU government bonds are now in play for international arbitration

EU Singapore
A contentious investment protection provision in the deal has brought back memories of the Greek debt crisis
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Trade and investment treaties are usually ushered in with smiles, handshakes, backslaps and photo opportunities for all concerned. But not everyone was happy when the European Parliament ratified a deal with Singapore on February 13: three members had called on the European Commission to amend a part of the treaty.

“This agreement is a financial risk for Europe. It complicates the liability of creditors in sovereign [debt] crises and could therefore shift risks to taxpayers,” says one of the

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