The rumored incentives include preferential status for agreeable parties, higher coupon payments should they agree to roll bonds over and the payment of collateral as a token of good faith.

FORBES: Return Of Greek Salad Days Lifts Euro, Piques Risk Appetite

Similarly, although Mr Clinton was bold enough to remove the federal guarantee of welfare payments to the poor, he has not yet dared to question the guaranteed payments the better-off receive, nor to touch the preferential umbrella that shelters women and blacks.

ECONOMIST: Whatever happened?