Für zukünftige Probleme mit Microbonds...aus dem Invitation Memorandum

The following shall each constitute an Event of Default:
(a) the Republic fails to pay interest on any Class Securities or fails to make payment on the GDP-linked securities issued in connection with the issue of the Class Securities, in each case before the day falling 30 days after the due date for such payment: or
the Republic is in default in the performance of any covenant, condition or provision set out in the Class Securities, the Trust Deed (insofar as it relates to the Class Securities only) or the Co-Financing Agreement and continues to be in default for 30 days after written notice thereof has been given to the Republic by the Trustee; or
(i)    any payment of principal in relation to any Relevant Indebtedness is not paid when due at maturity after giving effect to any applicable grace period or (ii) any Relevant Indebtedness becomes due and payable prior to its stated maturity otherwise than at the option of the Republic (after giving effect to any applicable grace period), provided that the amount of Relevant Indebtedness referred to in sub-paragraph (i) and or sub-paragraph
(ii)    above individually or in the aggregate exceeds EUR250 million (or its equivalent in any other currency or currencies): or
the amounts outstanding under the financial assistance facility* agreement dated [•] 2012 among the Republic, the EFSF and the Bank of Greece in order to provide financing of up to €30.000.000.000 to finance in part the voluntary liability management transaction by way of voluntary bond exchange to be entered into between the Republic and certain private sector investors as described in the Euro Summit Statement dated 26 October 2011 are declared to be due and payable prior to their scheduled maturity as a result of an event of default thereunder: or
the Republic declares a moratorium with respect to any Class Securities, including where such moratorium forms part of a general moratorium over all or part of the Republic’s indebtedness: or
the Republic rescinds, repudiates or expropriates or purports to rescind, repudiate or expropriate any of any Class Securities or its obligations arising under the Trust Deed (insofar as it relates to the Class Securities only) or the Co-Financing Agreement or otherwise declares invalid its obligations under any Class Securities, the Trust Deed (insofar as it relates to the Class Securities only) or the Co-Financing Agreement: or
any applicable order, decree, enactment, treaty' or regulation prevents the Republic from performing its obligations set out in any Class Securities, the Trust Deed (insofar as it relates to the Class Securities only) or the Co-Financing Agreement as a result of any change in law or regulation in the Republic.