Subject: Share the View 2: A Pragmatic Compromise for Greece
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Tue, 7 Jul 2015 12:44:05 -0400 (EDT)

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Share The View

The Latest Opinions From Bloomberg View

Jul 07, 2015

bloombergview.com<=a>

<= href="http://link.mail.bloombergview.com/55086a4c3b35d051538c37cc2svjf.=m3/VZFxqEmOlXCqpq-EBaf63" style="text-decoration:none;color:#00b9e7;line=height:1.6em">Greece

Mohamed A. El-Erian: "The con=itions for a Greek deal can be met only through a 'pragmatic compromise' i=volving a well-designed two-stage process. It must be underpinned by a qui=k restoration of mutual trust, the delivery of promised action and a credi=le verification mechanism. And any agreement must be sold to domestic cons=ituencies that are even more skeptical than their leaders." Read more...

Leonid Bershidsky: "A lot of =he money from the two Greek bailouts went to banks, including local ones a=d the subsidiaries of foreign banks operating in Greece. Yet lenders are n=w the weakest link in the Greek economy. So what happened to all that bail=ut money?" Read more..=

Mark Gilbert: "Since Greece's=exit would likely mean an eventual default on its debts anyway, it would b= sensible for Europe to preemptively offer the country debt forgiveness on=its way out the door. A parting gift of that sort could ease the pain of G=eece's departure, and put its economy on a smoother road to recovery." Read more...

Economics

Noah Smith: "We could use a n=w, improved Export-Import Bank. Instead of focusing on large, established =ompanies, a new U.S. trade promotion agency would focus on providing tempo=ary boosts for first-time exporters. The goal would be to get more America= firms exporting, not to support established exporters. In effect, the U.S= government would be acting not like a bank but like a venture capitalist.= Read more...

U.S. Economy

A. Gary Shilling: "Reducing d=bt levels after a financial crisis, especially one caused by a borrowing b=nge, normally takes about a decade. ... U.S. household debt relative to af=er-tax income has fallen to 102 percent from 130 percent, but it's still a=long way from the 65 percent norm. Nevertheless, the process will end at s=me point, and I continue to believe it will be followed by rapid real econ=mic growth of at least 3.5 percent a year." Read more...

Declassified

Eli Lake: "One of President O=ama's first breaks with Israel was when he disregarded what its foreign mi=istry considered an informal U.S. agreement to accept limited expansion of=Jerusalem suburbs built on land Israel won in the 1967 Six-Day War. It tur=s out this decision -- a flash point for Jerusalem -- was quietly supporte= by Bush's second secretary of state and first foreign policy tutor, Condo=eezza Rice." Read more=..

Food

The Editors: "In 2008, Congre=s began enforcing a law requiring country-of-origin labeling on meat produ=ts including pork, beef and lamb. ... The unstated goal was to give U.S. p=oducers a leg up on Mexican and Canadian ranchers trying to break into the=American market. Six years later, the law seems not to have had much effec= on either front. What it has done is create a serious trade dispute betwe=n the U.S. and its neighbors." Read more...

Health-Care Reform

Peter R. Orszag: "To obtain b=tter value for health-care dollars, it's important to evaluate in detail w=ich ones are well-spent and which are not. The $150-billion-a-year market =or implantable medical devices in the U.S. -- which includes everything fr=m artificial hips to pacemakers -- is a good illustration of this challeng= and how to meet it." =ead more...

National

Cass R. Sunstein: "Last week'= Supreme Court decision striking down a federal regulation on mercury and =ther pollutants from coal-fired power plants is a temporary setback for th=se who seek to reduce air pollution. At the same time, however, it should =e welcomed as a ringing endorsement of cost-benefit analysis by government=agencies. It's a kind of rifle shot, with potentially major effects on a h=st of future regulations that have nothing to do with the environment." Read more...

Latin America

Mac Margolis: "In his welcome=to Pope Francis, who arrived in Quito on Sunday to begin a weeklong, three=country visit of the region, Ecuadorean President Rafael Correa didn't dis=ppoint. Correa acknowledged that 'the pope is Argentine' and 'God is proba=ly Brazilian,' but added, playfully, that 'Paradise surely is Ecuadorean.'=His political opponents might be forgiven for failing to see the humor." Read more...<=p>

News Roundup

Barry Ritholtz (Read the news roundup)

How to make sense of China’s plummeting stock mark=t: Read more...<=span>

Musings on China market mania: Read more...

Uncharted territory in the Fed funds rate cycle: Read more...

Money Stuff

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