Merijn Knibbe — Stop the frenzy, please. It’s just about rolling over the debt…

Greece did not need money to pay pensions. Greece needed money to… roll over its debts and to pay interest. Yawn. And the whole third bail out package is tailored to exactly this: swapping one kind of financial asset for another (table) (and oh, banks will receive another 25 billion of free money).…

Real-World Economics Review Blog Stop the frenzy, please. It’s just about rolling over the debt… Merijn Knibbe