European Court to Rule Over ECB’s Secret Greek File

A court will decide tomorrow whether the European Central Bank should release files on how Greece used derivatives to hide its debt in the first legal challenge to the authority’s bid to shield its workings from scrutiny.

Bloomberg News sued the ECB in December 2010 to obtain the documents under European Union freedom-of-information rules. The papers may illuminate the role the central bank played as Greece covered up its deficit for almost a decade before seeking a 240 billion-euro ($311 billion) bailout and the biggest debt restructuring in history.