ISDA Says EU’s Aid Package ‘Shouldn’t Trigger’ Greece Credit-Default Swaps

1 post / 0 new
Violent Rhetoric
Violent Rhetoric's picture
Offline
Joined: 06/16/2011
Hat Tips: 475
Posts: 219
ISDA Says EU’s Aid Package ‘Shouldn’t Trigger’ Greece Credit-Default Swaps

Alternate Headline... Bend Over Suckers!

The International Swaps & Derivatives Association said participation of private bondholders in the Greek rescue plan “should not trigger credit-default swaps” on the nation because it’s “expressly voluntary.”

http://www.bloomberg.com/news/2011-07-22/isda-says-eu-s-aid-package-shouldn-t-trigger-greece-credit-default-swaps.html

Edited by admin on 11/08/2014 - 06:05

__________________

Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded — here and there, now and then — are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.

This is known as “bad luck.”
~ Robert Heinlein

Syndicate contentComments for "ISDA Says EU’s Aid Package ‘Shouldn’t Trigger’ Greece Credit-Default Swaps"