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Germany's FM Wolfgang Schäuble (pictured) believes that "further measures" may be needed to help Greece as the cost of insuring Greek debt has hit a record high.
Schäuble told a German newspaper that investors holding Greek bonds could face losses after 2013 when the current Greek rescue package expires.
Greek FM George Papaconstantinou has admitted that Athens might need "more time" to persuade financial markets that its recovery plan is credible.
Meanwhile, many analysts speculate that Greece will be forced to restructure debt .
