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Some bridging arrangement, whether arranged as a loan from creditors or via the issue of a bond securitising anticipated revenues, will stave off the immediate liquidity crunch and postpone bankruptcy.
Mr Varoufakis has spent the last few weeks seeking a "bridging arrangement" as an explicit alternative to a bail-out extension.
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This article is organized around an interactive understanding of actors, bridging arrangements, and their governance.
To achieve this goal, the article investigates the set of actors and their bridging arrangements that create and shape governance in CCA and DRR integration.
This section reviews literature about governance in CCA and DRR integration in order to highlight the main actors and related bridging arrangements that create and shape governance.
This framework includes various configurations of state, market, and social actors, and includes bridging arrangements between the three major types of actors.
Governance in CCA and DRR integration is a varied and complex issue that involves a set of state, market, and social actors, and bridging arrangements such as PPPs, PSPs, and CM.
Through specific bridging arrangements, actors interact, incorporate, and mobilize joint actions that seek to address the weaknesses of an actor while simultaneously exploiting the strength of the others (Prno and Slocombe 2012).
The usual bridge arrangement, with an open division and a women's division, is barred.
Some European officials have begun speaking of forgetting both the idea of a bail-out extension and a bridge arrangement, and instead beginning talks now on a comprehensive third programme for Greece.
"When I listen to my Greek colleagues talking about a bridge arrangement, that's a different word for an extension," Dijseelbloem said.
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