you are right, that's a big omission. my bias is showing. my fault but don't feel like starting another thread...
If you request a change in the polll, I'm sure moderators can add an option or 2. Of course, it's up to you as the person who started the thread to decide if you want any changes.
in order for the poll to be worthwhile there has to to be a definition of default. is lengthening of maturity a default etc.?
Mods, thank you for fixing the thread! Could you also add one more option to the poll: "None will default"? Thanks!
Merkel had been pressing for private investors to contribute up to a third of the second rescue package by accepting later repayment on their Greek bonds. She said she now backed a new package along the lines of a deal on Romanian debt agreed in Vienna in 2009, whereby private banks agreed to buy new government bonds to replace ones that matured. However her insistence on Saturday on the need for a major input from the banks will not go unnoticed among ratings agencies and others sensitive to any signs of coercion. Eurogroup chief Jean-Claude Juncker said Saturday that the problems which have forced Greece, Ireland and Portugal to seek emergency aid could affect Italy and Belgium, even before Spain, tipped as the next casualty.