Analysts at BNY Mellon believe that Greece will soon restructure its debt. In their view, it may happen over the next few weeks.

However, the specialists think that this event won’t hit the market as strongly as it’s widely thought now. BNY Mellon believes that the restructuring will consist of the extension of debt maturities accompanied by the reduction in interest rates, so for the country’s creditors all will be going in the least painful way.

As a result, the bank claims that euro has even chance to benefit, though if it’s not clear whether the restructuring is really able to solve Greece's financial problems.

The results of the latest Reuters poll on the matter show that the majority of surveyed economists expect that Greece would have to restructure its debt during the next 2 years.