Greek Debt Troubles

Well this is interesting. Rolling over debt is not  what  S&P considers to be enough to address Greece's debt problems.

"A leading credit ratings agency warned Monday that Greece would be considered to be in default if banks rolled over their holdings in the country's debt as proposed by a French plan."
 
 French banks are heavily exposed to Greek debt and are no doubt looking for a quick short-term fix to their problems. French banks hold about $21 billion of Greek sovereign debt, while Germany holds about $23 billion.This is not going to play well with traders of the Euro.