donderdag 13 september 2012

Greece Will Need Third Bailout

Greece will need a third bailout package from the euro zone, and the country's European creditors will have to find the money for it, according to a senior International Monetary Fund official.

But no euro-zone creditor has signaled any intention to lend more money to Greece and the Eurosystem has shown no willingness to restructure its €50 billion portfolio of Greek debt, a step that would be a public-relations disaster for a central bank keen to reassure the German public and government that it won't print money simply to fund public deficits.
http://online.wsj.com/article/SB10000872396390444023704577649332335893766.html?mod=googlenews_wsj

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