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Auction of Treasury bonds worth 1.6 billion Euros

08 April 2012 / 17:04:59  GRReporter
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The Association of individuals, who are holders of Greek government bonds (small creditors), declared its determination to address the European Court of Human Rights, as well as the Greek administrative courts with claims against the Greek political parties. In late April, the Association intends to submit to the Supreme Administrative Court for annulment all ministerial decisions, with which small bond holders were included in the PSI procedure against their will.

As emphasized at a press conference in Thessaloniki by the temporary manager of the Association Giannis Marinopoulos and professor of constitutional law at the University of Thessaloniki Costas Chrisogonos, the former finance minister Evangelos Venizelos had repeatedly assured that small creditors would be protected, but in practice nothing was done in this direction. Due to this reason, the Association stated that "we are ready to use all legal means within and outside Greece" and accused former Prime Minister Venizelos for not agreeing to meet with them. The Association is hoping that the promises made by Petros Christodoulou (Chairman of the Organization for government debt) and George Paleodimou (head of the Finance Minister Filippos Sahinidis’ office) to meet with Minister Filippos Sahinidis at the beginning of Holy Week will hold up.

Tags: Greece bond auction securities maturity treasury bonds
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