Some analysts – most prominently Jeffrey Sachs – have argued that the best way forward is to cut the yield on Greek debt to that of German public debt. Germany currently pays a little over 3% nominal interest on 10-year debt, half of what Greece is being charged for emergency loans – and far less than Greece would pay if it attempted to raise money in private markets.
以哥伦比亚大学经济学教授杰弗里•沙斯为代表的一些分析家认为最佳处置方式就是将希腊债务的利率降到德国公债的利率水平——目前德国10年期公债的名义利率稍高于3%，只相当于希腊为紧急贷款所支付利率的1/2，更远远低于希腊在私人市场筹款的利率。