There is no realistic solution to the Greek debt under discussion.

Another idea is for an orderly default on Greek debt of 50%.

The underlying problem is, in fact, the excessive levels of interest that are being charged on Greek debt.

For instance, some banks have a significant exposure to Greek debt.

There was an agreement on a write-down of Greek debt.

Greek debt is now the most expensive to insure in the world, the next being Venezuela's.

The original plan was for a 50% haircut on Greek debt.

The second point is that we also have to tackle the problem of the Greek debt.

While those in the fast lane hold all that Greek debt.

I think it would be interesting to know exactly who has been acquiring Greek debt recently.