Olivier Blanchard, glavni ekonomist IMF, je žogico elegantno prenesel na teren Grčije in držav kreditodajalk. Grčija naj bi morala pristati na reformo DDV in na zmanjšanje najvišjih pokojnin (za 1% BDP), kreditodajalke pa na prestrukturiranje dolgov (na daljše obdobje in ob nižji obrestni meri) in/ali na zmanjšanje dolgov (haircut).
Meni se Blanchardovi predlogi vsekakor zdijo smiselni in so blizu temu, kar govorim že nekaj časa. Nisem pa prepričan, da so blizu tudi grški ter nemški vladi.
The status of negotiations between Greece and its official creditors – the European Commission, the ECB and the IMF – dominated headlines last week. At the core of the negotiations is a simple question: How much of an adjustment has to be made by Greece, how much has to be made by its official creditors?
In the program agreed in 2012 by Greece with its European partners, the answer was: Greece was to generate enough of a primary surplus to limit its indebtedness. It also agreed to a number of reforms which should lead to higher growth. In consideration, and subject to Greek implementation of the program, European creditors were to provide the needed financing, and provide debt relief if debt exceeded 120% by the end of the decade.
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