Obama said it was prudent for Chrysler to prepare a bankruptcy contingency plan, but since major banks have agreed to write off a majority of their debt, it's not clear the automaker will have to use it.

FORBES: Restructuring

And they were going to have to write off a lot more Greek sovereign debt - not just the bonds held by private investors.

BBC: Soros speaks on Euro

Russia's private-sector creditors have agreed to write off more than a third of the debt, swapping the rest for long-dated, low-interest Eurobonds.

ECONOMIST: Russian debt