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HOW ELONGATION Restructuring – WHO LOSE

Inside Politics February 2011 Politics
Image by Third Way

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the door of Greece beats the restructuring. The necessary discussions with the lenders prior to proceed with the scenario of a consensual restructuring, “can not be kept for a long time away from the limelight.
For this reason, the Government appears that, although formally denies, resorting once again to the method of selective leaks to prepare the ground. Identical reports in Sunday newspapers suggest that given the kick-off.
Legal circles have experience from similar restructuring programs in Latin America feel that the consultation process with the lenders need 5 to 6 months at best to complete. So since the government favors the solution of the restructuring, even the mild version of the extension of time for repayment of the bonds, should come to an agreement with at least 70% of its lenders.

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