CELEX: 62012TB0224
Language: en
Date: 2014-06-25 00:00:00
Title: Case T-224/12: Order of the General Court of 25 June 2014  — Accorinti and Others v ECB (Action for annulment — Economic and monetary policy — ECB — National central banks — Restructuring of the Greek Government debt — Eligibility of marketable debt instruments issued or fully guaranteed by Greece for the purposes of Eurosystem monetary policy operations — Sufficient maintenance of the credit quality threshold in order to remain eligible — Collateral enhancement in the form of a buy-back scheme for debt instruments for the benefit of the national central banks — Private creditors — Whether certain legal effects may be attributed to the contested measure — No legal interest in bringing proceedings — Lack of direct concern — Inadmissibility)

15.9.2014   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               C 315/49
            
         Order of the General Court of 25 June 2014 — Accorinti and Others v ECB
   (Case T-224/12) (1)
   
   ((Action for annulment - Economic and monetary policy - ECB - National central banks - Restructuring of the Greek Government debt - Eligibility of marketable debt instruments issued or fully guaranteed by Greece for the purposes of Eurosystem monetary policy operations - Sufficient maintenance of the credit quality threshold in order to remain eligible - Collateral enhancement in the form of a buy-back scheme for debt instruments for the benefit of the national central banks - Private creditors - Whether certain legal effects may be attributed to the contested measure - No legal interest in bringing proceedings - Lack of direct concern - Inadmissibility))
   2014/C 315/83
   Language of the case: Italian
   
      Parties
   
   
      Applicants: Alessandro Accorinti (Nichelino, Italy) and the other applicants whose names are set out in the annex to the order (represented by: S. Sutti and R. Spelta, lawyers)
   
      Defendant: European Central Bank (ECB) (represented by: initially A. Sáinz de Vicuña Barroso, S. Bening and P. Papapaschalis, and subsequently S. Bening and P. Papapaschalis, Agents, and E. Castellani, T. Lübbig and B. Kaiser, lawyers)
   
      Re:
   
   Application for annulment of Decision 2012/153/EU of the European Central Bank of 5 March 2012 on the eligibility of marketable debt instruments issued or fully guaranteed by the Hellenic Republic in the context of the Hellenic Republic’s debt exchange offer (ECB/2012/3) (OJ 2012 L 77, p. 19).
   
      Operative part of the order
   
   
               1.
            
            
               The action is dismissed as inadmissible;
            
         
               2.
            
            
               Mr Alessandro Accorinti and the other applicants whose names are set out in the annex shall pay the costs.
            
         
      (1)  OJ C 243, 11.8.2012.