Second Economic Adjustment Programme for Greece

The agreement is set to change the face of the construction sector in Greece

The previous 10-year bond was issued by Greece on September 2, 2020

The General Court of the European Union said on Thursday that the European Central Bank does not have to compensate private holders of Greece's sovereign debt who were forced to take losses during the country's 2012 international bailout.

The General Court of the European Union said on Thursday the European Central Bank does not have to compensate private holders of Greece's sovereign debt who were forced to take losses during the 2012 international bailout of the country.

A lot has changed in Greek-German relations since the time when the greatest source of friction between the two countries was the matter of whether Greece would choose the Eurofighter as the fourth-generation jet for the Hellenic Air Force.

A retail investor in Greek bonds who wants to sue Greece over a bond haircut in 2012 cannot invoke European Union rules to do so at home, an adviser to the EU's top court said on Wednesday.

With an agreement expected on Greece's debt late on Thursday night, Greek and foreign officials were locked in talks at the Eurogroup in Luxembourg, discussing the extension of the repayment period of the European Financial Stability Facility (EFSF) loans and the size of the final bailout tranche. 

Greece has successfully completed a 30 billion euro ($35.55 billion) voluntary bond swap aimed at boosting the liquidity of thinly traded government paper issued after its debt restructuring, preliminary results showed on Wednesday.

The Greek government is planning an unprecedented debt swap worth 29.7 billion euros ($34.5 billion) aimed at boosting the liquidity of its paper and easing the sale of new bonds in the future.

Greece is planning new bond issues in 2018, according to the Finance Ministry's draft budget released on Monday, which said they will include an exchange of bonds issued under a previous debt write-down in 2012 with new ones. [Reuters]