It looks like Greece has pulled it off - persuading enough debtors to participate in a key debt swap which lifts the final barrier to receive bailout funds. And it is qualifying as a "credit event" for those who were looking for payouts. World markets seem to be responding favorably, but the Euro seems to be taking a hit.
BBC: Greece to go ahead with crucial debt swap
CNN: Creditors Agree to Greek Bond Swap
Bloomberg: Greek Debt Swap at 95% After Bondholders Forced to Join