Banks are being pressured by the government to rollover existing loans and make new ones, and firms encouraged to extend credit and maintain business relations.
Assuming Papandreou and his new finance minister, Evangelos Venizelos, manage to push their agenda through parliament, European policymakers are fettering over whether a debt rollover or a debt swap option will provide them with the best means to avoid a credit default and a change in credit ratings. (Read Papanderou Loses Support As Eurozone Hopes To Aver Contagion).