GREEK DEBT : ''THE ENDGAME SENARIOS'' by Lee C. Buchheit & Mitu Gulati

Perhaps Greece -- a country with a debt to GDP already approaching 150
percent and set to move even higher -- avoids a debt restructuring. Perhaps
not.
What are the possible scenarios if Greece cannot return to the capital
markets to refinance this gargantuan debt stock once its EU/IMF bailout
package expires in two years time? What would a Greek debt restructuring
look like after mid-2013? And (sharp intake of breath here) what would
happen if such a debt restructuring were undertaken before that point?
The Study..