A description of the EU-Greece negotiations through Game Theory.
Spanos, Theofanis (2012) A description of the EU-Greece negotiations through Game Theory. [Dissertation (University of Nottingham only)] (Unpublished)
From the time of the first loaning agreement between Greece and the EU in 2010 until now the country has faced a tremendous economic and social catastrophe. A lot of people in Greece among them major economists like Mr Varoufakis argue that the measures that the EU imposed on Greece in exchange for funding her were so harsh for the country ,that resulted to the country being in depression, and if softer measures were taken, the country would be much better now. So the question is why Greek Government accepted so harsh measures? Could Greece do something better. So what we try to do here is to describe, examine and analyse those negotiations through the use of non-cooperative game theory and by doing so to see whether or not the outcome of those negotiations make sense concerning our analysis with game theory. If not why is that and what else the EU and Greece could do to improve their position and achieve their goals.
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