Analysts believe that it will be extremely difficult for Greece to cope with existing problems. They feel certain the country is in need of the third bailout. The possibility of losing access to the international bond market, which could happen again, is currently at risk. In recent months, bonds’ yield soared to an all-time high making investors fear supposing that the country could be cut off from financial markets again. "The selloff in Greek bonds makes it clear that Greece has lost market access. Investors fear that an early exit from the bailout programs may overturn fiscal policy recovery," head of equities at Athens-based Pantelakis Securities SA Thanassis Drogossis said. A similar opinion is shared by other outside observers. The threat is so obvious that a decisive and, above all, a quick intervention is required. Otherwise, the situation will get out of hand. It is to be recalled that the European countries within present agreements will have to complete bailout programs at the end of this year, and the International Monetary Fund - in 2016. Thus, since 2010 the Greek authorities have already received two bailout packages from three largest international creditors including the European Union, the European Central Bank and the International Monetary Fund. The total amount of these packages is 240 billion euros. According to Moody's forecasts, GDP of Greece will grow 0.4% in 2014 and 1.2% in 2015. The Greek bonds fell 11.7% last month, according to the data of the government report. 10-year bond yield rose 8.01%.
