Today: Roubini says Greece needs orderly debt restructuring to avoid 'inevitable default' - Telegraph

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Jun 29, 2010

Roubini says Greece needs orderly debt restructuring to avoid 'inevitable default' - Telegraph

Roubini says Greece needs an orderly debt restructuring to avoid 'inevitable default'
Roubini says Greece needs an orderly debt restructuring to avoid 'inevitable default' Photo: MARTIN POPE

He said the "draconian" austerity measures agreed as part of a €110bn (£90bn) EU-IMF bailout is prolonging the country's recession.

"It is time to recognise that Greece is not just suffering from a liquidity crisis; it is facing an insolvency crisis too," he writes in the Financial Times.

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