| Author (Corporate) | European Court of Justice, Information Service |
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| Publisher | European Court of Justice (ECJ) |
| Series Details | T-107-17 |
| Publication Date | 2017 |
| Content Type | News, Overview |
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Summary: 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. Subject: 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. |
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| Source Link | Link to Main Source http://curia.europa.eu/juris/documents.jsf?&num=T-107/17 |
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| 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] |
