The World from Berlin 'Soft Debt Restructuring Cannot Solve Greece's Problems'

Euro-zone finance ministers broke a longstanding taboo on Tuesday when they admitted that Greece might need to restructure its debt. German commentators agree that a "soft" restructuring would be a step in the right direction, but that it would not be enough to resolve the crisis.
An Athens clothing store announces it is going out of business. Debt restructuring for Greece is looking increasingly likely.

An Athens clothing store announces it is going out of business. Debt restructuring for Greece is looking increasingly likely.

Foto: KOSTAS TSIRONIS/ AP
-- David Gordon Smith