The Banking and Strategy Initiative

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Tag Archives: Law of the United Kingdom

Greek Swap goes through? | Insight Europe

One hour and more past the Thursday deadline, FT is reporting 95% agreement on the swaps which means the CACs are not required and no default is triggered on the … Continue reading

March 8, 2012

European Sovereign Debt Crisis: The secret of the S&P Greece downgrade

Greece was downgraded to a “selective Default” outlook earlier today actioning the loss of bondholders’ rights from the new CACs inserted in the Greek Government bonds retroactively. As the new … Continue reading

February 27, 2012

European Sovereign Debt Crisis: The UK Law Greek Government Bonds issue

Greece is out with the offer, with apparently most hedge funds holding more than EUR 2 bln worth at 20 cents to the Euro holding veto power over the aceptance … Continue reading

February 24, 2012

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