Greece will need more debt restructuring - EU officials

Greece will need more debt restructuring - EU officials

From reuters.com

Greece is unlikely to be able to pay what it owes and further debt restructuring is likely to be necessary, three EU officials said on Tuesday, a cost that would have to fall on the European Central Bank and euro zone governments. The officials said that twice bailed-out Greece would be found to be way off track by EU and International Monetary Fund officials who have been assessing the country. Inspectors from the European Commission, the ECB and the IMF -- together known as the troika -- returned to Athens on Tuesday and will complete their debt-sustainability analysis next month, but the sources said the ... (full story)

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Jul 24, 2012 12:27pm

Cut off the head, one time to mourn and to continue to live. And now languish in agony and in Greece and Europe. Time to put a point in the history of Greece. They have all the time wasting money, and will wasting it again. They are lazy by nature. Not all, but the mentality of this country. I am sorry if what hurt. nothing personal.

biren.nepal

Jul 24, 2012 12:04pm

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ya ....agree ...i lost my whole money ($3000) buying eur.....dont know how to trade....please anyone guide me how to trade i wanna again start from $1000

Trader#43F9

Jul 24, 2012 11:19am

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"Inspectors from the European Commission, the ECB and the IMF -- together known as the troika -- returned to Athens on Tuesday and will complete their debt-sustainability analysis next month, but the sources said the conclusions were already becoming clear."

Looks like another month of euro selling!