Lyxor ETF MSCI Greece (Frankfurt exchange) http://www.boerse-frankfurt.de/EN/index.aspx?pageID=105&ISIN=FR0010405431 Top Holdings in the Fund National Bank of Greece 27.33% ( NYSE: NBG) Coca-Cola Hellenic Bottling 19.97% (NYSE: CCH) OPAP 15.59% Alpha Bank 9.39% Hellenic Telecom 8.62% Bank of Cyprus 7.81% Public Power Corp. 6.01% EFG Eurobank Ergasias SA 5.29% So you can get a pretty good exposure (about 47.3 %) with top two companies on NYSE.
I'll just buy NBG as a non-expiring call option -- assuming it has a very good chance of going to zero.