Greek solutions

Greek bond is trading at unsustainable level. Everyone is looking for a solution. The best way for Greece is to restructure all their debt and it will result big losses for European banks but reduce its debt burden. But this would be a slap on the face of Euro. The most likely solution is to strike a deal with IMF and central bank. It will be short term cure but long term pain for Greece.

The market is wary about the situation.