{"id":31162,"date":"2012-03-04T04:02:54","date_gmt":"2012-03-04T04:02:54","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/telegraph_greek_default_looms_as_voluntary_debt_deal_looks_set_to_fail\/"},"modified":"2012-03-04T04:02:54","modified_gmt":"2012-03-04T04:02:54","slug":"telegraph_greek_default_looms_as_voluntary_debt_deal_looks_set_to_fail","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=31162","title":{"rendered":"(Telegraph) Greek default looms as voluntary debt deal looks set to fail"},"content":{"rendered":"<p>European leaders are braced for the eurozone\u2019s first ever sovereign default this week as Greece\u2019s efforts to secure a \u00e2\u201a\u00ac206bn (\u00c2\u00a3172bn) \u201cvoluntary\u201d\u009d bond swap looks increasingly unlikely.<\/p>\n<p>Authorities in Athens are ready to enforce the controversial collective action clauses, or CACs, to impose the restructuring deal on all bondholders as the number of voluntary agreements look set to fall short of the required amount.<br \/>\nCredit rating agencies have warned they will declare Athens to be in default if the CACs are triggered which would be a dramatic culmination to a three-year rollercoaster ride for Athens, the eurozone and global markets.<\/p>\n<p><a href=\"http:\/\/www.telegraph.co.uk\/finance\/financialcrisis\/9121151\/Greek-default-looms-as-voluntary-debt-deal-looks-set-to-fail.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European leaders are braced for the eurozone\u2019s first ever sovereign default this week as Greece\u2019s efforts to secure a \u00e2\u201a\u00ac206bn (\u00c2\u00a3172bn) \u201cvoluntary\u201d\u009d bond swap looks increasingly unlikely. Authorities in Athens are ready to enforce the controversial collective action clauses, or<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=31162\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,50,460,149,591,200,590,454,585],"tags":[],"class_list":["post-31162","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-international-news-commentary","category-european-sovereign-debt-crisis-of-2010","category-economy","category-euro","category-europe","category-european-central-bank","category-greece","category-the-banking-systemsector"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/31162","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31162"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/31162\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}