Time for a Haircut? IMF Pressures Greece to Restructure Debt

The International Monetary Fund has been pushing Athens behind the scenes to restructure its debt. The organization no longer believes that the current austerity measures and EU bailout will be enough to extract Greece from its fiscal mire.
An anti-IMF protest in Athens in November 2010. The fund no longer believes Greece can be saved with existing measures.

An anti-IMF protest in Athens in November 2010. The fund no longer believes Greece can be saved with existing measures.

Foto: LOUISA GOULIAMAKI/ AFP
dgs/SPIEGEL