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Deleted member 231381
Unconfirmed Member
Thanks, I forgot about the default option.
I mean, I'm not necessarily saying it will work - most private creditors were bought out by the ECB, so rather than worrying about getting some money back or not negotiators are concerned about whether it will look good politically or not to accept a haircut, which is a totally different matter - but Tsipras logic is pretty clear. In this case I actually expect it was Varoufakis' logic, because he wrote a book almost on this very situation in 2004 (iirc).