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DCBob

(24,689 posts)

5. I think they would like to have 75% but technically they already have enough...

Reply to jannyk (Reply #2)

Thu Mar 8, 2012, 06:32 AM

Mar 2012

to satisfy the CACs which will allow them to force the bond holders to participate. However, that will likely trigger the CDSs. But that does not seem to be a "big deal" anymore as long as they get the bailout money.

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Investors With 60% of Greek Bonds Agree to Swap [View all] DCBob Mar 2012 OP

So this will calm the markets down for a few days bluestateguy Mar 2012 #1

But they need 75% agreement not 60% jannyk Mar 2012 #2

I think they would like to have 75% but technically they already have enough... DCBob Mar 2012 #5

Greece optimistic as bond swap deadline nears dipsydoodle Mar 2012 #3

Sounds like its a "done deal" * DCBob Mar 2012 #4

60% of Greek Bond Holders Committed to Debt Swap dipsydoodle Mar 2012 #6

FT: Now witness the firepower of this fully armed and operational collective action clause muriel_volestrangler Mar 2012 #7

Cross link from yours dipsydoodle Mar 2012 #8