Fratzscher, Marcel; Große Steffen, Christoph; Rieth, Malte - In: DIW Economic Bulletin 4 (2014) 9, pp. 40-49
Greece is standing at a crossroads. The need for a third rescue package has now become a critical issue. The Greek … existing GLF loans into GDP-linked loans. Interest payments would then be linked to the development of Greece's GDP. First …, this would reduce the likelihood of Greece defaulting on its loans and, hence, the risk to German taxpayers. Above all …