|Author (Corporate)||European Court of Justice, Information Service|
|Publisher||European Court of Justice (ECJ)|
|Content Type||News, Overview|
The General Court rejects the action for compensation brought against the ECB by private investors who suffered losses as a result of the restructuring of the Greek public debt in 2012. That restructuring was not a disproportionate and intolerable infringement of the right to property of those investors, even if they had not consented to that measure.
Non-contractual liability - Economic and monetary policy - ECB - National central banks - Restructuring of the Greek public debt - Involvement of the private sector - Collective action clauses - Mandatory exchange of Greek debt - Private creditors - ECB opinion - Sufficiently serious breach of a rule of law conferring rights on individuals - Principle pacta sunt servanda - Article 17 (1) and (2) of the Charter of Fundamental Rights - Article 63 (1) TFEU - Article 124 TFEU.
|Subject Categories||Economic and Financial Affairs|
|Subject Tags||Court of Justice of the European Union [CJEU], Economic Governance | Situation, European Debt Crisis|
|Keywords||CJEU Judgements, Economic Adjustment Programmes
|Countries / Regions||Greece|
|International Organisations||European Central Bank (ECB), European Union [EU]|