Greece will most likely receive funds necessary to refinance country’s debt by the deadline of March 20, 2012, while the rest of the Eurozone still
demands further spending cuts from the country and even tighter control over country’s budget. Greece needs to secure the EUR130 billion (USD
170 billion) bailout quickly so it can move ahead with a related EUR 100 billion (USD 130 billion) debt relief deal with private investors, which needs
to be in place quickly if Athens is to avoid a disorderly default on a bond repayment on March 20. Country’s failure to meet its obligations will most
likely place it outside of the EU, forcing back the old currency, drachma, which will be even further step behind for the country’s economy and will
bring more uncertainty to the Eurozone.
 

UAIndex