Greek Bondholders Won't Be Paid, For Now

from National Public Radio

An international trade association ruled Thursday that the restructuring of Greece's government debt is not yet a "credit event." It means, for now, that Greek bondholders who took out billions of dollars of insurance contracts against Greece defaulting on its debt won't be paid. Robert Siegel talks with Scheherazade Rehman, Director of the European Union Research Center at The George Washington University.

Broadcast Dates

• All Things Considered, March 1, 2012