Sunday, 1 May 2011

Greece Trying To Extend Payment Period On Bailout Loans In Last Gasp Attempt To Avoid Restructuring

http://www.businessinsider.com/greece-interest-payment-delay-2011-4

One of Germany's top economic advisors, Lars Feld, says that restructuring is now "the only road to take." German official Clemens Fuest, who is a chairman at Germany's finance ministry, said that European Union officials were already discussing restructuring, according to Reuters.

======



SS says - They are finally heading towards the inevitable - a default.
This is the only way out.





No comments:

Post a Comment