Due to the recent events, Greece is to pay a debt to Troika. The issue is, that Greek Finance Misiter is trying to re-negotiate the terms of debt payment, with the help of his knowledge in the "Game theory".
I NEED FULL & WELL EXPLAINED (NOT SHORT!!! MORE THAN 5-10 SENTENCES EACH) ANSWERS TO FOLLOWING QUESTIONS):
1. Formulate the issue of negotiation game between Greece & Troika on debt.
2. Is a deal over terms of repayment of Greek debt a zero sum game? Explain whether it is or not.
3. What are the Keynes Bisque bonds (or GDP-indexed bonds)? Do a web search to find out whether they have been used and what their potential advantages and disadvantages are. Are they a good solution for both creditors and Greece in the current situation?
4. What is meant by "debt swap"? What forms can debt swaps take?
5. Has Greece played its best cards too early?
6. Should Greece insist on debt reduction and simply negotiate around the size and terms of that reduction?
7. Are Greece's new structural reform proposals likely to find favour with other EU countries and the Troika?
Due to the recent events, Greece is to pay a debt to Troika. The issue is, that Greek Finance Misiter is trying to re-negotiate the terms of debt payment, with the help of his knowledge in the "Game theory".
I NEED FULL & WELL EXPLAINED (NOT SHORT!!! MORE THAN 5-10 SENTENCES EACH) ANSWERS TO FOLLOWING QUESTIONS):
1. Formulate the issue of negotiation game between Greece & Troika on debt.
2. Is a deal over terms of repayment of Greek debt a zero sum game? Explain whether it is or not.
3. What are the Keynes Bisque bonds (or GDP-indexed bonds)? Do a web search to find out whether they have been used and what their potential advantages and disadvantages are. Are they a good solution for both creditors and Greece in the current situation?
4. What is meant by "debt swap"? What forms can debt swaps take?
5. Has Greece played its best cards too early?
6. Should Greece insist on debt reduction and simply negotiate around the size and terms of that reduction?
7. Are Greece's new structural reform proposals likely to find favour with other EU countries and the Troika?
