CITATION — REFERENCE ENTRY
What was the private sector debt restructuring in March 2012? — European Stability Mechanism
- Key
- esm-2012-greek-private-sector-involvement
- Authors
- European Stability Mechanism
- Type
- webpage
- Publisher
- European Stability Mechanism
Raw CSL JSON
{
"URL": "https://www.esm.europa.eu/content/what-was-private-sector-debt-restructuring-march-2012",
"type": "webpage",
"title": "What was the private sector debt restructuring in March 2012?",
"author": [
{
"literal": "European Stability Mechanism"
}
],
"accessed": {
"date-parts": [
[
2026,
10,
6
]
]
},
"publisher": "European Stability Mechanism"
}
Claims
-
The March 2012 restructuring of Greek bonds held by private investors, mainly banks, had about 97 percent participation, a 53.5 percent cut in face value, and reduced Greece's debt stock by approximately €107 billion, according to the European Stability Mechanism.
"it was a restructuring of Greek debt held by private investors (mainly banks) in March 2012 to lighten Greece's overall debt burden."
Available in