Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
There is a game-theoretic bent to this referendum action. In the game of chicken, Syriza is throwing the wheel out at about the last moment. Now up to troika to choose its best option.

At worst, the referendum allows the Syriza government to survive a "de facto" default for a few days. A horse might speak then.

by das monde on Mon Jun 29th, 2015 at 05:36:35 AM EST
[ Parent ]
Normally, people playing chicken think that the important point is knowing when to turn, but there is an even more important, and fundamental, point: having an opponent who is aware there is a wheel to turn.  The Eurogroup isn't aware which direction the sun rises, and though the troika knows there is a wheel, it considers itself indestructible and sees no need to turn it.
by rifek on Mon Jun 29th, 2015 at 11:53:49 PM EST
[ Parent ]


Top Diaries

UK election thread

by fjallstrom - Dec 12

It's Tory Austerity Stupid!

by Oui - Dec 9

Leave UK <dot> DT

by Oui - Dec 4

Occasional Series