Greece and its creditors are well into extra time; so far Athens has scored all the goals, mostly in its own net. Its 2013 budget shows that the country’s continuing economic depression renders every fiscal target unachievable, whether the debt ratio, the primary surplus or privatisation revenues. Political factors at work in both Germany and Greece mean the existing halfhearted “rescue” will probably be extended by up to two years – at a cost of another €30bn in financial aid. But make no mistake. Another Greek debt write-off is coming. It’s just a question of when.
希腊及其债权人已经进入加时赛；目前雅典踢进了所有的球——多数进了自家球网。希腊2013年预算显示，该国manbetx20客户端下载 衰退持续，将无法实现任何一项财政目标，不管是债务比率、基本盈余抑或私有化收入。正在德国和希腊起作用的政治因素意味着，目前半心半意的“救助”可能最高还将延期两年——代价是再次拿出300亿欧元实施金融援助。不过请不要弄错了。希腊债务即将再次被减记。这只是个时间早晚的问题而已。