What About Greece?

With all the furor surrounding the SEC's case against Goldman, a lot of people have lost sight in Greece.  There is has been an interesting wrinkle in the ongoing epic surrounding Greece's debt crisis.  Thanks to the volcanic eruption in Iceland, delegates from the EU and the IMF have been unable to fly to Athens, presumably to negotiate the details of the bailout, which is becoming more necessary by the day.  CDS and Greek government bond spreads to bunds are trading at all-time highs, effectively forcing the Greek government to tap the liquidity program agreed upon the weekend before last.  As I mentioned before, any bailout package will have to be much bigger than what has been agreed upon, as well as much cheaper.  It should be interesting to see what happens through the course of the week/end.