Swedish central banker backs IMF bankruptcy plan

SWEDEN- An IMF plan for an international bankruptcy procedure could help financially troubled nations restructure their debt in an orderly manner and avoid the chaotic scenes witnessed in Argentina, says Riksbank's Heikensten.

"An international bankruptcy procedure, which should have been instituted long ago, is now being officially discussed again in the IMF," said Lars Heikensten, deputy governor of the Riksbank.

"Such a system would probably help to make the management of acute financial crises

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