The way I see it, he wants to reach not the Nash equilibrium where everybody defects, but the solution which gives a better average payoff but requires collabor

The way I see it, he wants to reach not the Nash equilibrium where everybody defects, but the solution which gives a better average payoff but requires collaboration between the different players. This is the spirit of Europe and the Eurozone, and as a citizen paying my taxes in Euros, I don't mind paying a little more if people in Greece can reconstruct their economy the way they want. What I don't want is the debt holders being granted a strong voice. The interests exist for a reason, there is a risk, and sometimes people defaults (if only partially). We need a strong political force to keep the wolves at bay. The finance sector will provide for a stable, but suboptimal, solution.