Greece facing restructuring despite bailout

The €45 billion Eurozone-IMF aid package may not be enough to bridge Greece’s financing gap, leading some analysts to suggest a debt restructuring could soon be on the cards

Credit specialists fear Greece could be forced to restructure its debt within months, as Greek government bond yields and credit default swap levels hit record highs in April.

One European macro credit strategist says: “It is completely unrealistic to hope the financial markets are suddenly going to regain confidence and