Now it is conceivable that creditors would see such pressure to extend the maturity of aloan as a de facto default, even if the rollover were not mandatory: it would be a demonstration that the eurozone and IMF weren't prepared to provide all the liquidity needed by Greece.
Media reports have suggested that ministers could extenda short-term 150m euros loan to Alitalia while they examine the case for further funding to tide the airline over for a year.
Bair has proposed giving homeowners who are 60 days late on their mortgage a chance to reduce high interest rates and extend the length of the loan if they qualify.
Watson, though, has been a key player for QPR since captain Martin Rowlands was ruled out for the rest of the season with a knee injury so the London club will be keen to extend his loan deal until the summer.
The Cyprus savings account tax measure was apparently not discussed with Russia, which has a major loan out to the island nation in which Cyprus is trying to extend.
The bankruptcy debate comes as student debt has emerged as a campaign issue, with both President Barack Obama and likely Republican presidential nominee Mitt Romney calling this week on Congress to extenda freeze in the 3.4% interest rate on one of the government's most popular student-loan programs.