Voluntary Greek Debt Restructuring Still Constitutes Default, S&P Says
- Monday, June 20, 2011, 21:32
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As Greek policymakers gather in Parliament in the context of a confidence vote for Prime Minister George Papanderou’s reshuffled cabinet, a top European executive at Standard & Poor’s told a German newspaper that a voluntary restructuring of Greek debt would still be considered a default and result in a further sovereign downgrade.
http://blogs.forbes.com/afontevecchia/2011/06/20/voluntary-greek-debt-restructuring-still-constitutes-default-sp-says/
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