Greece needs more money than rescue provides, bond experts say

05/4/2010 | Wall Street Journal, The

A $147 billion Greek rescue offered by the eurozone and the International Monetary Fund won't be enough to get the nation through its debt crisis, bond-market experts said. The problem is that the bailout assumes Greece will return to the bond market in 2011, which might be too optimistic, they said. Eurozone officials disagreed. German Finance Minister Wolfgang Schauble said Greece will be able to return to the debt market before the rescue money runs out.

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