A Greek debt restructuring — a polite term for default — is unthinkable, according to the Greek finance minister.“It would have a tremendous cost, with no benefit,” the minister, George Papaconstantinou, said in an interview on Greek television. “Greece would be out of markets for 10, 15 years.”To financial markets, and to many other observers, it is more than thinkable. It is very close to a sure thing. When, how, and how messy it will be are open to question.
Source: http://www.realclearpolitics.com/2011/05/06/inevitability_of_a_default_in_greece_255006.html
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