European officials are preparing to renew the aid package to Greece, after concluding that the country would be unable to raise money in the markets in early 2012, as envisaged in rescue plan.
Eurozone ministers publicly acknowledged that Greece is likely to need further outlay of additional money from the European Union and other international institutions. While everyone is still thinking in terms Orthodox Greece needs a major adjustment program, referrals Greek rescue program look inevitable and are already beginning to be accepted publicly. Although this conclusion has been designed-in a low voice by analysts and officials working on the issue, public recognition begins to mark a turning point in the debate on the future of Greece. Officials who participated in the discussions this weekend, insisted that no decisions have been made on the way forward to help Greece, instead slipped the idea that might include additional assistance to save his departure from Greece Euro zone, because of possible delays in payment of debt.
From now on you must complete the relevant procedures to meet the deadlines of 2012 2013, through the European mechanism of temporary and that markets remain wary of Greece, who has renounced his original plan to return to the market in late 2011. Greece needs to raise € 25 billion in 2011 and 2012 € 30 billion to meet debt payments would not be covered by its current bailout loan. In addition to posting bonds to fund the rescue of the EU, it appears it could offer a voluntary extension of the maturity of the debt that expires next year.
Once again, the choice of the Greek debt restructuring was excluded for fear that negotiations to amend the maturity profile sovereign debt causes more problems than they solve, in general terms and with a view to future cases of underfunding.
local officials and international agencies, publicly dismissed rumors that Greece was considering an exit from the Euro zone, because they know that this option makes the market nervous, and have even used the term "stupid" for refer to a probability of occurrence that more emphasis placed no longer seems to be zero.