FRANKFURT (MarketWatch)
Greece will likely require another round of debt
restructuring, with the burden falling on the European Central Bank and
euro-zone governments, Reuters reported Tuesday, citing unidentified European
Union officials
Officials from the European Commission, International Monetary
Fund and the ECB returned to Athens Tuesday to assess Greece's efforts to bring
its debt down to sustainable levels
The news report said the EU officials
described Greece as far off track, requiring a restructuring of around 200
billion euros ($241 billion) of Greek government debt held by the ECB and
euro-area governments
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Billie, with academic training in Fundamental Mathematics and professional experience in Large Multinationals in the Information Technology sector, having held positions in high-level management positions, maintains that it is time to reduce Unproductive Public Expenditure and help the Private Sector in everything that is possible.
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