1988. The country will only be able to resume growth if it combines fiscal adjustment with a substantial reduction of the the foreign debt, which should be unilateral, given the lack of dispostion of creditor to negotiate the securitization that I previously proposed. Versão inglesa ligeiramente reduzida em Christine Bogdanowicz-Bindert, org., Solving the Global Debt Crisis, New York: Harper & Row, 1989, com o título "A Debtor's Approach to the Debt Crisis" . (Paper in my edited book Dívida Externa: Crise e Soluções)