HomeNewsWorldEuro zone to make public debt restructuring easier by 2022

Euro zone to make public debt restructuring easier by 2022

New rules on so-called single limb Collective Action Clauses will be introduced by 2022, Centeno said after a meeting of euro zone finance ministers in Brussels.

December 04, 2018 / 13:50 IST
Story continues below Advertisement

Euro zone finance ministers agreed to introduce by 2022 new rules that would facilitate the restructuring of public debt in the bloc's countries, the chairman of the Eurogroup Mario Centeno said on Tuesday.

New rules on so-called single limb Collective Action Clauses will be introduced by 2022, Centeno said after a meeting of euro zone finance ministers in Brussels.

Story continues below Advertisement
Reuters
first published: Dec 4, 2018 01:46 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!