Choose Your Own Greek Adventure

Feb 17 2012 @ 4:04pm

A novel way to explain why the crisis is so hard to solve. Felix Salmon says the game is, if anything, "an oversimplified presentation of the various ways that the Greek crisis might play out in the next few weeks":

There’s nothing in there, for instance, about tensions between members of the Troika, or about bondholders holding out with a blocking stake and complicating things that way. Then, once you’re thoroughly confused and depressed, put yourself in the position of a European politician who has to make real-world decisions with real-world consequences. And ask yourself how predictable your actions might be. The endgame is approaching; but the only thing we know for sure about it is that anybody who thinks they know how it’s going to play out is delusional.