Judging by the cacophony coming from the EU betters about private sector participation, Papandreou's fumbling of the national unity government trick and the improving fighting spirit of Greek people, I'd guess it's fifty-fifty.
What's your take on Yanis Varoufakis's modest proposal? I am skeptical about the ECB euro-bond bit. I've posted on his blog but he hasn't convinced me yet: *http://tinyurl.com/varoufakis
Yann *