FWIW, a 5 year Greek CDS currently sells for $925k/yr, and pays out $10m if the debt defaults in that time period. Not exactly the bargain of the century at th

FWIW, a 5 year Greek CDS currently sells for $925k/yr, and pays out $10m if the debt defaults in that time period. Not exactly the bargain of the century at this point in time. Edit: for context, that's roughly the same price as Venezuela and Argentina.