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Does a Greek debt write-off spark the demand for a Europe-wide debt restructure, the abandonment of austerity and a return to expansionary public spending?
Why, against common sense, against the IMF's verdict and against the everyday practices of bankers facing stressed debtors, do they resist a debt restructure?
Staff were told the business has about £50m in cash and there were hints that a debt restructure could be on the cards later this year.
A debt restructure could be achieved through a voluntary exchange of existing bonds for new ones with a longer or lower debt service profile, the report said.
Time and again we were told that this was a matter for an unspecified future that would follow the "programme's successful completion" – a stupendous Catch-22 since the "programme" could never succeed without a debt restructure.
RTL is understood to be interested in a potential deal to buy Endemol, but has not submitted an offer and is not thought likely to until the Big Brother producer resolves its €2.8bn (£2.4bn) debt restructure.
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Or it could imply a debt restructuring.
One possibility is debt restructuring.
And, when that fails, a debt restructuring.
On one level, sovereign debt restructuring is just like corporate debt restructuring.
And if debt restructuring isn't likely to be catastrophic?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com