The largest global audit firms prefer to do business with overall limitations on liability and request that, as a start, there be no extension of liability to private lawsuits for aiding and abetting fraud.

FORBES: Auditors Abandon Investors On Liability Limits

But any extension to key parts of the private sector, according to former officials and security professionals, could be hamstringed by the government's own secrecy.

FORBES: Bush's Cyber Secrets Dilemma

They speak of a "re-profiling" whereby Greece's private creditors might be persuaded to agree to an extension of the period over which they get their money back.

BBC: The euro: No easy way out

Private bondholders may be offered a 10-15 year extension of maturities and a lower interest rate.

ECONOMIST: Greece's heavy debts: Repayment days | The

But she noted it may be even more challenging for public school students considering a switch to private school, as counselors may not have the connections or relationships to secure an extension.

WSJ: Admissions Deadline Confusion

The forecasts, if you look at private sector forecasts, are for fairly moderate growth, perhaps not strong enough to bring down unemployment without the extension of the payroll tax cut, which is why the President proposed extending it and expanding it.

WHITEHOUSE: Press Briefing