• Krimpeni Asimina
• Fatouros Stavros
• Papadopoulos Periklis
• Matiadou N.L.
• Vassiliadis Savvas

In a recent paper [1], inspired by the economic crisis in Greece and the EU where the debate focuses on the National Debts, we investigated the possibility of a circulation of Debts within a group of countries. A transfer table was used for the purposes of the circulation. The concept is that the poorest country is granded a “catalytic” fund in order to buy some of its debt from other countries. A circulation algorithm was introduced which led to a result where all countries had reduced their debts on similar but equal amounts. The initial amount remains intact. In the present paper a different algorithm is introduced. In the first stage the “richest” country receives the initial capital. The transfer criteria differ and as a result we obtain a balanced solution where every country have erased the same amount of debt and of other countries possessed debt.

Mutual debt cut, transfer table, algorithm, analysis

"Mutual Debt Cut within a Group of Countries, an improved algorithm", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.61-64, June-2019, Available :http://www.jetir.org/papers/JETIR1906F15.pdf

"Mutual Debt Cut within a Group of Countries, an improved algorithm", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp61-64, June-2019, Available at : http://www.jetir.org/papers/JETIR1906F15.pdf