Confirmed!
http://www.nytimes.com/2011/10/28/world/europe/greeks-applaud-eu-agreement-to-cut-debt.html
http://rt.com/news/greek-debt-write-off-843/
http://www.businessweek.com/news/2011-10-28/insurers-aim-to-escape-crisis-by-shifting-losses-to-clients.html