Greek debt better shielded from vultures than Argentina's


  • World
  • Friday, 03 Jul 2015

LONDON (Reuters) - Greece might be spared the decade-long legal battles Argentina faced if it ends up restructuring its debt, although lawyers say vulture funds might still hold Athens to ransom.

The structure of Athens' debt and the use of contract clauses that make it easier for countries to impose losses on bondholders should protect the country from litigious "hold-out" investors, although experts warn they are not fool-proof.

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