creditors in 2012 was a “unique and exceptional” event, never, ever to be repeated in any other Eurozone country. Maybe so. But … by the problem of non-participating creditors -- holdouts. Indeed, it is the undisguised fear of holdouts and the … creditors of Eurozone countries receiving bailouts (the belated Greek restructuring being the sole exception).This article …

has proved hard to handle is how they in influence the behavior of creditors and debtors. We address such challenge by …