ECB Denies It Plotted to Burn Greece Bondholders in 2012
European Union (EU) flags outside the new headquarters of the European Central Bank (ECB) in Frankfurt on Feb. 13, 2015.
Photographer: Martin Leissl/BloombergThis article is for subscribers only.
The European Central Bank denied there was a secret debt-swap deal that unfairly foisted losses onto other investors during the first restructuring of Greek debt.
The ECB refuted as “inadmissible” a lawsuit by at least 210 Italian retail investors at the European Union’s second highest court claiming more than 12.5 million euros ($14.2 million) in damages.