Greece will not be able to return to bond markets before mid-2013 and will need more funding beyond that point, a Fitch analyst said on Friday
after cutting the country's credit rating deeper into junk territory."We think it unlikely that Greece will be able to return to the bond market by mid-2013," Fitch senior director Paul Rawkins told Reuters.
"We would expect new aid to Greece to extend beyond May 2013, when the current EU/IMF programme expires," he added. "It should probably be long enough for Greece to get a recovery in place, the fiscal position to be looking much better and the debt to be beginning to come down."
REUTERS
