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Europe Daily Bulletin No. 10586

31 March 2012
ECONOMY - FINANCE / (ae) greece
Pressure on bond-holders

Brussels, 30/03/2012 (Agence Europe) - On Friday 30 March 2012, the head of the Eurogroup, Jean-Claude Juncker, put pressure on private holders of Greek bonds issued under non-Greek legislation to get them to joint the writedown in the country's debt. In a written statement, he said: “We have been informed that a failure to make timely payment of Greece's eligible foreign law bonds that are not exchanged does not constitute an event of default under Greece's new bonds issued in the...

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