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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
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