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The ECB By Changing The Rule Of Law, Asserts Itself As The Euro’S Sovereign Authority ... A Region Of Global Governance Arises More Visibly Out Of The Eurozone Sovereign Debt Crisis
I am have been following you for quite some time.
In your latest piece: " the 800 pound Gorilla that just entered the room":
you wrote that 107 billion euros of state owned Greek debt (guaranteed by the Republic of Greece) written under
English law has been tendered to the ISDA for a credit event.
If you include the other 9 billion of non participated Greek Republic debt (also English) we have about 116 billion of these English law Greek bonds brought forward to the ISDA.
my question to you:
we all realize that these bonds can accelerate the default process but can these English law bonds also cause the default of the entire Greek bonds whether Greek law or English law?
Question no 2: why hasn't anybody in the press pick up on this?
Love your work
Mar 14 02:10 PM
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