{"id":4527,"date":"2010-02-26T11:23:42","date_gmt":"2010-02-26T16:23:42","guid":{"rendered":"http:\/\/blogs-devl.bu.edu\/bunow\/?p=4527"},"modified":"2011-01-20T16:03:29","modified_gmt":"2011-01-20T21:03:29","slug":"saving-greeces-economy","status":"publish","type":"post","link":"https:\/\/blogs-devl.bu.edu\/bunow\/2010\/02\/26\/saving-greeces-economy\/","title":{"rendered":"Saving Greece&#8217;s economy"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignleft size-thumbnail wp-image-4532\" src=\"http:\/\/blogs-devl.bu.edu\/bunow\/files\/2010\/02\/Parnthenon-Greece-150x150.jpg\" alt=\"Travel Photos - Greece\" width=\"150\" height=\"150\" \/>Greece is preparing a <a title=\"bond issue\" href=\"http:\/\/www.nytimes.com\/2010\/02\/26\/business\/global\/26drachma.html?scp=6&amp;sq=Greece&amp;st=cse\" target=\"_blank\">bond issue <\/a>aimed at restructing its economy as the European Union is pushing the country to adopt new austerity measures to cut its crippling budget deficit.\u00a0 Economics Professor <a title=\"Laurence Kotlikoff\" href=\"http:\/\/people.bu.edu\/kotlikoff\/\" target=\"_blank\">Laurence Kotlikoff<\/a>, as he explains in his <a title=\"blog\" href=\"http:\/\/www.esplanner.com\/view\/blog\" target=\"_blank\">blog<\/a>, says there&#8217;s a way in his view\u00a0for Greece to to devalue without devaluing.\u00a0<\/p>\n<p><em>\u201cThe government can implement wage and price controls for, say, the next three months, with these controls covering not just the growth in wages and prices over the next three months, but also their initial levels \u2026 [then] the German and French governments could commit to servicing some fraction (say 30 percent) of Greece&#8217;s current public and private external debt with the understanding that this servicing ceases if Greece misses it&#8217;s spending and tax rate targets.\u201d<\/em><\/p>\n<p>Contact Laurence Kotlikoff, 617-353-4002, <a href=\"mailto:kotlikoff@bu.edu\">kotlikoff@bu.edu<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Greece is preparing a bond issue aimed at restructing its economy as the European Union is pushing the country to adopt new austerity measures to cut its crippling budget deficit.\u00a0 Economics Professor Laurence Kotlikoff, as he explains in his blog, says there&#8217;s a way in his view\u00a0for Greece to to devalue without devaluing.\u00a0 \u201cThe government [&hellip;]<\/p>\n","protected":false},"author":114,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4491],"tags":[2319,1453,2318],"_links":{"self":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/4527"}],"collection":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/users\/114"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/comments?post=4527"}],"version-history":[{"count":6,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/4527\/revisions"}],"predecessor-version":[{"id":7868,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/4527\/revisions\/7868"}],"wp:attachment":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/media?parent=4527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/categories?post=4527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/tags?post=4527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}