Bondholder haircuts back on the agenda as Greece nears default

In ruins: Greece’s debt burden looks unsustainable, say analysts

The issue of haircuts for investors holding bank and sovereign debt issued by troubled European countries keeps on resurfacing. No sooner had the European Commission (EC) begun its consultation on a possible crisis management framework for financial institutions at the beginning of January – a matter inextricably linked to sovereign debt given implicit government support for banks in most countries – than questions about how and when bondholders might be in line for haircuts returned to the fore

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here