Czech central banker calls for Greek restructuring

European authorities must stop dithering and commit to a restructuring of Greek debt before the sovereign crisis sparks a “disorderly meltdown” in other countries, the governor of the Czech National Bank said Tuesday.
Miroslav Singer said Europe must pick one of two tough options for Greece — either allow it to restructure while remaining part of the euro zone, or opt for Greece to leave the euro and restructure its debt in conjunction with currency devaluation. -MarketWatch