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This is how I see things going: Countries (Greece, Portugal, ...) will not be allowed to default on banks. Our Euro politicians are obviously in the pockets of banksters. Rollover means that creditors are being transferred from private institutions to public ones (indirectly Aryan states). After enough rollover default will be "acceptable". For me this will go on like this:
The minor problem, is that democracy might get in the way. The EU-politicians-puppets-of-banksters have until now been able to control the populace (both in debtor and creditor countries), but the pain that is being inflicted might be too much and somebody might rebel (Finland almost did it, lets hope somebody does it)...
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