Greek bank bonds: brace yourself for bail-in
Contributor(s)
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Greek bank bonds: brace yourself for bail-in
Aug 24, 2015
Contributor(s)
Greek bank bonds suffered heavy losses this week after Eurozone finance ministers agreed that senior bondholders would be bailed-in when Greece’s banks are restructured later this year.
This post is particularly relevant for bondholders and shareholders of Greek banks. It is also relevant for stakeholders in other European credit institutions, as Greece will provide a test case for new EU rules on resolving failing banks. Contributor(s)More from the Bankruptcy Blog
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