Bloomberg News

Greece Credit Swaps Auction to be `Expedited'

March 09, 2012

Greece’s use of collective action clauses forcing investors to take losses under the nation’s debt restructuring will trigger payouts on $3 billion of default insurance, the International Swaps & Derivatives Association said. Bloomberg's Michael McKee reports on Bloomberg Television's "Street Smart." (Source: Bloomberg)

Running Time: 04:29


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