EUROZONE / GREECE: Is Restructuring "Off The Table" With New Rescue Package? Debt Rollover...May Be Rewarded; Moody's Downgrades Greece Again To...7th Level Of Junk Hell.

NYTIMES/ L. Thomas
2 screen read combined

    “Restructuring is off the table,”claims a Greek official. “For now it is all about growth, growth, growth.”
    The alleged end of "reprofiling" is based on reports of a new 60 bn euro/$86 bn usd rescue package...with new loans...for faster privatization and tougher tax collections.
     Greek officials have been especially disturbed by draining of some 60 bn euros in deposits from Greek banks...almost a quarter of its GDP...since the crisis began.

ALSO:  BLOOMBERG reports the ECB is considering encouraging bondholders to roll over their Greek debt...by offering preferred status, higher coupon payments or even collateral.
http://www.bloomberg.com/news/2011-06-01/greece-s-second-rescue-is-readied-by-eu-urging-investors-to-buy-more-debt.html

 AND:  Moody's has downgraded Greece again...this time to the speculative Caa1 level...seven notches into junk territory...with a NEGATIVE outlook.
  Only Ecuador...which has defaulted TWICE...is a worse sovereign risk.