Press Release: Judgment in Case T-79/13. Alessandro Accorinti and Others v ECB

The loss suffered in 2012 by the private holders of Greek debt instruments in connection with the restructuring of the public debt of the Greek State is not attributable to the ECB, but to the economic risks ordinarily inherent in financial sector activities.

By protecting the Greek securities held by national central banks and by itself, the ECB acted exclusively in order to maintain the stability of the money market.