The inevitable course towards a Greek debt restructuring is the main axis of thought by noted economist Carl Weinberg in his recent article on Barron’s, entitled “The Inevitable Next Step for Greece”.

The chief economist with High Frequency Economics detailed the current situation and concludes that both Greece and its eurozone partners face an increasingly pressing dilemma, namely, default or a generous debt restructuring – probably with a horizon of 100 years.

Characteristically, Weinberg underlines:

“To get to these substantive talks … either Greece has to default outright or the euro-zone governments have to choose a path that leads toward the negotiating table within a window defined by the length of a bridge loan … In any case, the clock is ticking. Greece probably has less than a month’s worth of cash on hand, and the ECB could pull the plug on banking system support at any moment.”

The entire article is found here: http://goo.gl/OMIIQA