Greek ‘End Game’ Veers to Debt Restructuring Risk: Euro Credit

Greece risks having to restructure its debt even with an extension in terms of the loan repayments by the European Union as the economy remains mired in recession.

“You would be wrong to rule out the possibility of a debt restructuring at some point,” said John Stopford, the London- based head of fixed income at Investec Asset Management, who helps oversee $65 billion for clients. “Greece has a structural problem, and there has got to be risk we have another recession or economic crisis.”