Financial markets quickly take into account the inevitability of restructuring the debts of Greece. The Greek media on the weekend once again increased speculation that the subject, and the popular To Vima indicated that the government should resort to both enhance the maturity of the bonds, and to 30% reduction in the value of the nominal value of external debt, which next year will reach 160% of GDP. In Germany, Lars Feld, a member of the Council of Economic Advisers, Angela Merkel, said that Greece is better not to delay restructuring.And as if specifically dealing another blow to the fiscal position of Greece, Eurostat published this morning that the budget deficit in 2010 amounted to 10,5% of GDP, exceeding the government's estimate of 9.4%. No wonder that in such circumstances the Greek papers were sold today in the morning and return year-olds now have close to 24%! In parallel with this delegation arrives in Athens to the EU and the IMF for two weeks to verify the ability of the previously agreed to reduce the cost of 24 billion euros. In all likelihood, they will be disappointed. Would be surprising if in the next couple of months will avoid any announcement of the restructuring of debt in one form or another.
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