Greece Triggers Credit Default, Europe Falls (EWG, VGK, EWI)

By: Stock Market News & Stocks to Watch from StraightStocks

Posted on March 09, 2012 at 21:16 PM EST

Greece needed to use its collective action clauses to complete its debt swap and so triggered a $3 billion payout on its credit default swaps. After much speculation over whether “will they or won’t they,” Greek triggered more than 4...

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