The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
Second, on general negotiation strategy for sovereign defaults, it's actually fairly simple.
Second, there is a simple negotiation strategy for sovereign defaults.
Repeal of the prohibition on direct ECB purchase of sovereign bonds, and a mandate to purchase sovereign bonds at a price no less than [the one corresponding to] the Frankfurt overnight rate plus some politically fixed acceptable yield curve (the precise shape of which is beyond the scope of this missive).
Off the top of my head:
Negotiate to have the ECB directly purchase sovereign bonds. Fight for these purchases be at the Frankfurt overnight rate.
(not quite there but a lot closer, IMHO.)
c) You cannot even save all the people you really want to save. Then you're screwed, if you'll pardon my French. You will be coming hat in hand to other countries.
Never, ever, give an opponent a chance to attack using your own words. If you keep this in it WILL be quoted and used against you! ..."Even JakeS admits blah, blah, blah"
She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
by Frank Schnittger - Jul 1 86 comments
by chumchu - Jul 2 30 comments
by Metatone - Jun 29 50 comments
by Frank Schnittger - Jun 28 32 comments
by Luis de Sousa - Jun 28 24 comments
by DoDo - Jun 23 22 comments
by das monde - Jun 26 35 comments
by Frank Schnittger - Jun 20 355 comments
by Frank Schnittger - Jul 42 comments
by chumchu - Jul 230 comments
by Frank Schnittger - Jul 186 comments
by Metatone - Jun 2950 comments
by Luis de Sousa - Jun 2824 comments
by Frank Schnittger - Jun 2832 comments
by das monde - Jun 2635 comments
by DoDo - Jun 2322 comments
by gmoke - Jun 233 comments
by DoDo - Jun 214 comments
by Frank Schnittger - Jun 20355 comments
by melvin - Jun 1560 comments