Eurogroup President Mario Centeno will seek a mandate to define the process of sovereign public debt restructuring. His announcement came after the publication of a letter addressed to European Council President Donald Tusk ahead of the EU Summit on June 28-29.
In making the announcement, Centeno proposed a restructuring process based on new issuance of single-limb Collective Action Clauses to prevent holdouts, Reuters reported.
The two most indebted governments in the Eurozone are Greece, wit...
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