Greek Debt When Greece restructured its public debt in 2012, 85.8% of its creditors agreed to take a haircut in the bailout. Some of the rest were deeply unhappy about their losses, and launched a case against the European Central Bank, which supported the restructuring. This morning, the EU General Court ruled against the complaining creditors, saying the "public interest objective of ensuring the stability of the Euro-zone banking system as a whole" outweighed their property rights. Reuters