A new and bigger restructuring of Greek debt is likely within the next two years, S&P's...

|By:, SA News Editor
A new and bigger restructuring of Greek debt is likely within the next two years, S&P's David Beers says, adding that a further downgrade of Greece's sovereign debt rating was "pretty certain." The timetable for a new restructuring is "partly in the hands of Greek politics," but a second restructuring likely will be "looked at over the next couple of years."