Greek Parliament Approves Debt Swap, CACs Law, Speaker Says
February 23, 2012, 11:53 AM ESTBy Natalie Weeks and Maria Petrakis
Feb. 23 (Bloomberg) -- Greece’s parliament approved a law to permit an exchange of Greek debt with private bondholders, Acting Speaker Anastasios Kourakis said in statements carried live on state-run Vouli TV.
The law includes collective action clauses that can enforce losses on bondholders if activated.
To contact the reporter on this story: Natalie Weeks in Athens at nweeks2@bloomberg.net
To contact the editor responsible for this story: Maria Petrakis at mpetrakis@bloomberg.net
