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Greece Restructuring Triggers 'Credit Event'

Friday, 9 Mar 2012 | 4:00 PM ET

As expected, ISDA says Greece triggered the payment on default insurance contracts by using legislation that forces losses on all private creditors, with CNBC's Michelle Caruso-Cabrera. Jeff Rosenberg, BlackRock, and Steve Neimeth, SunAmerica Asset Management, also weigh in.