ISDA CDS Trigger Decision Is Unanimous

``In light of today's EMEA Determinations Committee (the EMEA DC) unanimous decision in respect of the potential Credit Event question relating to The Hellenic Republic (DC Issue 2012030901), the EMEA DC has agreed to publish the following statement... The EMEA DC resolved that a Restructuring Credit Event has occurred'' -- So the CDS market will be saved; bankers avoid exploding the whole derivatives complex for yet another day...