During the financial crisis of 2011-12, the Greek government imposed, with the support of the IMF and ECB, a retroactive CAC with a threshold of 75%.
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In the European Union, as the result of the Greek government-debt crisis, a retroactive Collective action clause passed by the Greek government with the support of the ECB and IMF, enabled the debtor (who also controlled the courts) to impose a 70% loss of the creditors, more than 75% of whom had voted in favour of the cut.