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View Full Version : EIB Asks Greek Firms to Sign Loan Clauses, Kathimerini Reports - Bloomberg



NewsWhore
04-21-2012, 09:30 AM
EIB Asks Greek Firms to Sign Loan Clauses, Kathimerini Reports (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNH1OsISBRj0E0UdEDocAWUmbXp5ig&url=http://www.bloomberg.com/news/2012-04-21/eib-asks-greek-firms-to-sign-loan-clauses-kathimerini-reports.html)
Bloomberg
One clause was for a renegotiation of loan terms in the event of a currency change, either if Greece left the euro or the euro area broke up, while the other ensured English law would prevail in the event of non-payment, the paper said.

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