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London Court Clears Greece €62bn Bailout Securities Buyback

5/7/2026

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Summary

Story summary

A London High Court ruled that Greece’s €62 billion GDP-linked securities buyback complies with clause 6.1.
Judge Robert Bright said the price of €252.28 per 1,000 warrants was correctly based on HDAT data.
Finance Minister Kyriakos Pierrakakis said the decision removes uncertainty and boosts Greece’s credibility.
Greece will repay €6.9 billion of first-bailout debt in June and aims to cut public debt to about 130 % of GDP by 2027.

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Story summary

A London High Court ruled that Greece’s €62 billion GDP-linked securities buyback complies with clause 6.1.
Judge Robert Bright said the price of €252.28 per 1,000 warrants was correctly based on HDAT data.
Finance Minister Kyriakos Pierrakakis said the decision removes uncertainty and boosts Greece’s credibility.
Greece will repay €6.9 billion of first-bailout debt in June and aims to cut public debt to about 130 % of GDP by 2027.