Resistance from Private Creditors Doubts Grow over Greek Debt Restructuring

The outlook for cash-strapped Greece is looking increasingly bleak. Government reforms are behind target, and negotiations with private creditors over voluntary debt relief are stalled. A disorderly default could be just weeks away.
Graffitti in central Athens: Doubts are increasing about whether the country can turn the corner.

Graffitti in central Athens: Doubts are increasing about whether the country can turn the corner.

Foto: Orestis Panagiotou/ dpa
Translated from the German by Christopher Sultan