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Re:Review of “Adults in the Room” by Yanis Varoufakis by marcosdumay on Wednesday May 03, 2017 @01:10PM (#14257799)
"The only way out" != "trouble free"

Obviously Greece needs a balanced budget for defaulting. Too bad it seems to be moving the other way.

Re:Review of “Adults in the Room” by Yanis Varoufakis by Bartweiss on Wednesday May 03, 2017 @02:45PM (#14258818)
The cynical play for Greece might have been trying to schedule their bailouts in a default-friendly way. Accept bailouts, conduct several rounds of aggressive cuts to balance the budget (while financing with tranche funds), blame the Eurozone for them at home, and then default with a balanced budget immediately after a funding unlock.

I'm not sure it was possible - the deficit was too big to close without damaging the economy - but I suspect that leaning on international support while preparing an easy default might have been the best chance.

Re:Review of “Adults in the Room” by Yanis Varoufakis by pjc50 on Wednesday May 03, 2017 @03:20PM (#14259133)
If they'd been able to balance the budget, they wouldn't have been in that state in the first place!