Greek default looms?

Downbeat report from the Daily Telegraph.

http://www.telegraph.co.uk/finance/financialcrisis/9121151/Greek-default-looms-as-voluntary-debt-deal-looks-set-to-fail.html

Who will be shedding crocodile tears should it happen?

See also:

http://www.bbc.co.uk/news/business-17238523

For a different opinion on the Greek position see:

http://www.telegraph.co.uk/finance/comment/rogerbootle/9122178/Greece-bubbles-towards-a-third-bailout-and-boiling-point.html