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Will Greece be the first euro-zone country to restructure its debt?

June 6, 2011

The latest deal for Greece, including a new policy package and possible financing, does not contemplate the restructuring of its debt, but financial markets keep speculating on the possibility it may be the first of the euro-zone countries to reschedule its public debt. Who do you think may follow?

If Greece will really restructure its sovereign debt in 2011, who do you think may follow?

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The debt mountain will still be there, restructured or otherwise. Greece is in a death spiral and must default eventually.
Ireland, Portugal and Spain seem to be in the same position.

Posted by azkai | Report as abusive
 

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