The IMF Starts Pushing For A Greek Debt Restructuring

greek statue

High-ranking IMF officials are recommending a restructuring of Greek debt, according to Der Spiegel.

Restructuring would involve lower interest rates, longer maturity or straight-up haircuts for debt holders.

Just last month IMF European Director Anotio Borges told Reuters that Greek debt was sustainable.

But investors has been banking on a default. Rates on the Greek 10-year have been rising all year, reaching record highs recently.

See who gets pounded in a Greek debt haircut >

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