Greece To Run Out Of Money In A Month, Second Debt Restructuring Highly Likely |
| July 26, 2012 | July 2012 Bond Updates |
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As Spain teeters toward a full-blown bailout, Greece, which has been bailed out twice, appears set to run out of money in about a month, according to a British government report. Representatives of the IMF, the EU, and the ECB are currently in Athens assessing the progress of the austerity and privatization programs which appear to have been ineffective at limiting the impact of a deep recession and helping Greece return to a path of debt sustainability. |
| View more at: http://www.forbes.com/sites/afontevecchia/2012/07/25/greece-to-run-out-of-money-in-a-month-second-debt-restructuring-highly-likely/ |
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