There are several possible options for Greece including rescheduling the IMF/EU/ECB loans, lengthening the payback period of private debt, and a restructuring, Herakles Polemarchakis said.
“For the moment we don’t need to talk about anything except possibly for the easiest, which is the rescheduling of the EU and IMF loan,” said Polemarchakis, according to the news agency.
“The debt has to be addressed,” Polemarchakis said in an interview at the London School of Economics. “I think that the rescheduling -- or re-profiling as it is called sometimes -- of the 100 billion euros given by the International Monetary Fund and the European Union, that’s something that could easily be done.”
Regarding restructuring, Polemarchakis, who is a professor at the University of Warwick in England, said that there is no pressure right now.
“For the medium run, I agree that calculations should be done, but as long as the IMF and the EU support the banks, they pay our debts. I do not think this is an issue to be concerned about.”
source: capital
