Just breaking now via Bloomberg...
The EU is pondering a way for Greece to rollover or extend its existing debt without triggering a major credit event.
The idea: Some kind of sweeteners to bondholders who agree to extend debt repayments.
Higher coupons, "preferred status" or even payment in collateral may be part of the deal.
Meanwhile, right now, the TROIKA (EU/IMF/ECB) is meeting right now in Vienna, and may have a report by Friday on whether Greece will get its next tranche.
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See Also:
- The Black Butterfly Is In Greece
- GREECE: There Are New Emergency Bailout Talks That Could Spell The End Of National Sovereignty
- While Banks Walk Away, German Taxpayers Get Slammed In A Greek Debt Restructuring
Full story at http://feedproxy.google.com/~r/businessinsider/~3/TVNPr2LKpOc/greece-sweeteners-to-bondholders-2011-6
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