Rethinking the way Greece’s debts are paid could make for a more realistic route out of the economy’s depression while satisfying all sides in the negotiations, according to a “Policy Insight” paper published by the Centre for Economic Policy Research (CEPR).
Jeremy Bulow of Stanford Business School and John Geanakoplos of Yale University propose two “radical, realistic reforms” that could make Greek debt repayments more sustainable.
The first idea is to tie debt repayments to government spend
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