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Clifford Chance

Clifford Chance


Greece three years on

29 May 2015

Three years ago, financial institutions and others planned for the contingency that Greece might leave the euro area. To everyone's relief, a solution was found and it didn't happen. But those contingency plans are now being dusted off as the risk of Greece defaulting invites daily comment in the press. But is the situation the same as it was in 2011 and 2012, or do plans need to be updated because of the changed circumstances?

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