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23 p, 429.6 KB Euro CAC and the existing rules on sovereign debt restructuring in the Euro area : An appraisal four years after the Greek debt swap / Martinelli, Thibault
After explaining the role of Collective Action Clauses (CAC), this paper explores how these have been developed in the 'statutory' CAC operation in Greece in 2012 and the Euro-area CAC provisions found in the ESM Treaty which apply to all Euro-area bonds issued from 2013. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2016 (ADEMU Working Paper Series ; 43)  

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