For those considering the feasibility (or impossibility) of Greece successfully avoiding a default, see The Economist's helpful explanation (especially regarding the complex structure of the French rollover plan). More to follow. For now, it seems that such a proposition will allay the fears of major creditors while simply masking Greece's own financial burden. However, perhaps contagion is more legitimate a fear than the collapse of a country with a FY2010 GDP of only $310bb.
