The Century Bond

Greece is making plans to kick its debt can a very long way down the road, seemingly around 100 years if Reuters has its facts right:

"One of the options the sovereign is looking at is offering a100-year bond in return for outstanding short-term debt, said abanker at one of the institutions advising Greece who said hesaw the plans being studied. 

Two senior Greek government officials denied that such aplan was being considered.

"We are obviously not working onthis"

Well they would say that, wouldn't they?