(Judgment) Non-contractual liability – Economic and monetary policy – ECB – National central banks – Restructuring of Greek public debt – Securities purchase program – Securities exchange agreement for the benefit only of Eurosystem central banks – Sector involvement – Collective action clauses – Credit enhancement in the form of a buy-back program to support the quality of the securities as collateral – Private creditors – Sufficiently serious breach of a rule of law conferring rights on individuals – Legitimate expectation – Equal treatment – Liability for lawful conduct – Special and unusual damage
ECLI:EU:T:2015:756, [2015] EUECJ T-79/13
Bailii
European
Banking
Updated: 04 January 2022; Ref: scu.553119