Germany acknowledges Greece may need to restructure debt

http://www.reuters.com/article/2011/04/13/eurozone-germany-schaeuble-idUSLDE73C28V20110413

So finally the chickens are coming home to roost.

As per my previous posts since last year - we will definitely see one or more PIIGS countries default/ restructure in the coming months/years.

There is no way out.