The promissory note

My reading of the deal on the promissory note is as follows.We will not pay the money over tomorrow 31st March 2012. We are postponing the payment until 2013 and the cost for that is 90 million euro. But we still have control over the money. We can,t spend it or anything like that, because in order to pay it, we were going to have to borrow it off (ECB, TRoika, IMF) don,t know who, but the fact is its not borrowed and its not paid over.So what no big deal you might say. On the up side of it though, as we have not actually paid it over, in theory we still have control over the decisions on how to use it.Then if things change for us (hopefully for the better) we may be in a different position when March 2013 comes around, and, so we may be able to renegotiate the payment again, and hopefully it will be better for us all in the long term.Thats my simple version of it, I,ve no secret information from any source. Its just my experience of juggling small businesses with cash-flow problems that lead me to believe that its the best deal available at this point in time.Have a nice day.