Collective Action Clauses, RESTRUCTURACIÓN DE DEUDAS UE-2013

http://www.reuters.com/article/idUSPISQME6ID20101128
Euro zone member states will be asked to attach collective action clauses to new debt from 2013 at the latest as part a permanent euro zone crisis mechanism.
Collective action clauses force minority bondholders to accept any debt restructuring terms agreed with majority bondholders, speeding up the process of debt restructuring.Euro zone sources said that Germany and France had reached an agreement on how a future permanent mechanism for resolving debt crises in the euro zone should work once it is introduced in mid-2013.