Pages

Wednesday, February 4, 2015

Greece's growth-linked debt plan may face legal obstacle -lawyer

By John Geddie LONDON (Reuters) - Greece's plans to make its debt more manageable by swapping rescue loans for growth-indexed bonds may be deemed illegal under European Union rules, according to a lawyer who worked on the country's 2012 debt restructuring. Greece's creditors will probably object to proposals for such a swap, said Yannis Manuelides, a partner at Allen & Overy, because they cannot ...


READ THE ORIGINAL POST AT news.yahoo.com