Editorial: Greece offers no gifts

Bankers drew a deep breath in February for two reasons, one fundamental to them and one fundamental to the welfare of the financial markets they work in. The first concern was over bonuses, as the question of whether bankers should get any flitted from bank to bank. The second, which bothers the public almost as much as the bonuses, was the question: what is going on in Greece, and what are the implications?

For those interested only in the world of structured products, the initial reaction to