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Bankers’ group IIF: Stress tests may exacerbate concerns on sovereign debt
Written by Jamie Coleman
July 12, 2011 at 13:53 GMT
Euro zone, IMF need to act in coming days on Greece
Debt buyback needed to reduce Greece’s debt burden
ECB must clarify impact of potential selective default on collateral rules
Options discussed by IIF would not trigger credit event as defined by ISDA
Sounds like they are well down the road of discussing a potential Greek default…
Bankers’ group IIF: Stress tests may exacerbate concerns on sovereign debt
Written by Jamie Coleman
July 12, 2011 at 13:53 GMT
Euro zone, IMF need to act in coming days on Greece
Debt buyback needed to reduce Greece’s debt burden
ECB must clarify impact of potential selective default on collateral rules
Options discussed by IIF would not trigger credit event as defined by ISDA
Sounds like they are well down the road of discussing a potential Greek default…
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