Loan terms are being negotiated right now with the European Commission, the European Central Bank and the International Monetary Fund, aiming to a €45 bn ($59 bn) supporting package to help Greece, €30 bn from European partners and 15 from IMF.
International analysts advised Greece to consider a voluntary restructuring of his own debt to meet repayments of the next 3 years, but George Papaconstantinou, Greek finance minister, denied that the country is working on a debt restructuring plan.
Mr. Papandreou warned of the real dangerous situation and the need of the help for the Greek economy.
Now, a few statistics from The Economist to understand the situation:
Wall Street Journal - Greece Requests Emergency Financial Aid
Now my question goes to the readers: Do you expect Greece to repay his debt in the term agreed? If not, what will happen to Greece?
I'm not confident enough with Greece's economy. What do you expect?
Special: Greek crisis