Shane Mage wrote: > > The German chancellor, Angela Merkel, on Saturday ruled out fresh debt > relief... > > Her bluff Syriza humbles > with clever compromise. > Omelettes not to unscramble > explicitly. That's wise!
When mentioning a "clever compromise", do you have in mind something like this - if any: "Since Greece faces a higher interest rate and political pressure than Germany, the solution is likely to lie below the principal diagonal of the pay-off matrix. My best guess is that the bargaining solution will be a number close to 25%, which means that rather than running a structural primary surplus of the order of 5 % of potential output, as envisaged in the IMF projection (see above), Greece could get away with a number close to 3.75% . Just some breathing space." full: Syriza and debt talks: Estimates from a Rubinstein bargain approach By Paolo Manasse, 27 January 2015 http://www.voxeu.org/article/syriza-and-debt-talks-estimates-rubinstein-bargain-approach _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
