Bloomberg News

Greek Collective Action Clause Law to Be Submitted Today

February 21, 2012

Feb. 21 (Bloomberg) -- Greece’s government will introduce legislation to Parliament today that will allow it to enforce losses on bondholders in a writedown of Greek debt, part of a second financing package for the country, a government official said.

The law is expected to be approved by Feb. 23, said the official, who declined to be named.

To contact the reporter on this story: Christos Ziotis in Athens at cziotis@bloomberg.net

To contact the editor responsible for this story: Maria Petrakis at mpetrakis@bloomberg.net


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