it would share the loss more fairly between greek tickspeare's creditors replacement of private debt by an ever growing proportion of official debt coming from other offered greece more opportunities
It would share the loss more fairly between Greek taxpayers and external creditors; stop the replacement of private debt by an ever-growing proportion of official debt coming from other countries; offer Greece more growth opportunities by alleviating debt service; make it much easier for Mrs Merkel to 'sell' the default to the Bundestag, because it would mean supporting German banks rather than Greece; and, finally, isolate the debt crisis from the competitiveness crisis and save the eurozone from contagion.
It would share the loss more fairly between Greek taxpayers creditors; replacement of private debt by an ever-growing proportion of official debt coming from other offer Greece more opportunities by alleviating debt service; much easier for Mrs Merkel to 'sell' the default to the Bundestag, because it would mean banks rather than Greece; and, finally, isolate the crisis from the crisis save the eurozone contagion.