Debt Reduction Without (a Messy) Default
Posted by hkarner - 30. Juni 2011
Ein höchst interessanter, praktischer Lösungsvorschlag. Durchaus im Sinne unserer Griechenland Stellungnahme #2 (hfk)
Pointing out that disorderly default or further bailouts are not the only solution to the Greek debt crisis, Daniel Gros and Thomas Mayer argue in this CEPS commentary that a sounder and less messy approach would be to take advantage of the current low prices of Greek debt to go for a market-based debt reduction.
Daniel Gros is Director of CEPS. Thomas Mayer is Chief Economist of Deutsche Bank