Greece really needs a year to prepare for total default

Commentary feature. Months of misery lie ahead but if all goes well, Greece will have some room to manoeuvre.

ESO: Background information: Find other Commentary Features in ESO on Challenges facing EMU http://www.europeansources.info/advSearchLink?keyword=commentary%20feature%20emu%20challenges%20&searchOption=all

ESO: Background information: The Greek debt crisis of 2010 http://www.europeansources.info/record/the-greek-debt-crisis-key-sources/

Deutsche Welle, 22.2.12: So what next for Greece? http://www.dw.de/dw/article/0,,15755319,00.html

ESO: Background information: Eurozone agrees second Greek bail-out http://www.europeansources.info/record/eurozone-agrees-second-greek-bail-out/

EUObserver, 27.2.12: Third Greek bail-out not ruled out http://euobserver.com/19/115378

---