European leaders are braced for the eurozone’s first ever sovereign default this week as Greece’s efforts to secure a €206bn (£172bn) “voluntary” bond swap looks increasingly unlikely. Authorities in Athens are ready to enforce the controversial collective action clauses, or … Continue reading (Telegraph) Greek default looms as voluntary debt deal looks set to fail
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(Telegraph) Greek default looms as voluntary debt deal looks set to fail
European leaders are braced for the eurozone’s first ever sovereign default this week as Greece’s efforts to secure a €206bn (£172bn) “voluntary” bond swap looks increasingly unlikely. Authorities in Athens are ready to enforce the controversial collective action clauses, or … Continue reading (Telegraph) Greek default looms as voluntary debt deal looks set to fail