Debt or Sin? Legal-theological Roots of the Moral Confusion in the EU Debt Crisis KU Leuven
In the wake of the financial crisis, citizens across the EU have been hit by austerity measures that are supposed to boost market confidence by ensuring that debtors pay back their debts. Yet what are the historical roots of the tenet that debt must be repaid? "Debt or sin" assumes that this principle stems from the moral theological origins of the law of obligations. Neglect of these roots has created moral confusion in Europe’s management ...