Reuters puts the chances of “Grexit” at 40 percent, citing its own (small sample) poll of money market traders, published on Monday. Just as interesting is the figure showing that more than half of those traders believe the country would also remain in the euro area even if it defaults on debt instalments.

The first figure is up from a 28-percent median in a poll of economists completed last week, the news agency said.

According to Reuters, 12 traders said Greece could default and still remain in the Euro zone, while eight said it could not.

“If you go bankrupt, people would still expect you to repay them in the original currency right? And you would still be working with the same currency,” one trader was quoted as saying.

On the other side of the spectrum, on the “negative edge”, one trader said “…there will be too much push back from (other EZ) members. They won’t want to be associated with a country that has blatantly disregarded the rules.”

Reacting to the same-day news that outspoken Greek FinMin Yanis Varoufakis has more-or-less been downgraded as Athens’ chief negotiator with institutional creditors, Reuters noted:

“Greek Prime Minister Alexis Tsipras on Monday reshuffled his team handling talks with European and IMF lenders, a move widely seen as an effort to relegate embattled Finance Minister Yanis Varoufakis to a less active role in negotiations.

“…Varoufakis is facing calls to quit after returning from a meeting of euro zone finance ministers in Riga isolated and empty-handed while Athens scrambles to avoid bankruptcy.
“…Tsipras and senior aides publicly voiced support for Varoufakis at a meeting on Sunday and agreed the finance minister would supervise a new team negotiating a reforms deal with lenders, a government official said.”