In summary: Wolf says that restructuring would be the lesser of two evils, even though it would be messy in the short-term. He says that because there is no clear indication Greece will be able to go back to the market anytime soon, the eurozone’s biggest players are essentially signing up to fund the country with no deadline date, if it doesn’t restructure. Further, IMF members outside of Europe may exit the deal, unwilling to fund such a bailout scheme, and leave Eurozone countries with the total costs.
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