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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Venezuela opposition backs Gonzalez as presidential candidate
Restaurants are putting digital detox on the menu with smartphone-free dining
Ecuador president declares state of emergency over energy crisis
To stand out in the job market, get to grips with ChatGPT
U.S. stocks end mixed as fear index rises
Number of active drilling rigs in U.S. up this week
Huge blast at military base used by Iraqi Popular Mobilization Forces, army sources say
Three injured after chemical plant fire in U.S. Houston
North Korea conducts cruise missile warhead test on Friday, KCNA says
Feature: Sudanese fall back on primitive means to maintain livelihood amid war

Others Also Read