That's what the Greek government bond yield is telling you. At 17% vs 3% on German bonds, either Greece will pay its bonds in deflated drachmas after it's left the euro zone, or it will repay them in long-dated euro "restuctured" low-interest bonds after lenders have taken a "haircut", or it won't repay them at all. The odds (for now) are still on the second option. The Greek parliament is meeting as I write this.
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