Greek bond holders and banks in Greece give judgment after an exchange of bonds

Most investors have 100,000 to 500,000 euros spent on Greek bonds, the largest investment is 3 million, according to the law firm of Hamburg, said banks not covered by the action.

The process will likely be filed in Washington, banks will be accused did not inform customers about the risks and will be required to pay compensation.

Separately, lawyers will argue that Greece, through the exchange of bonds, the German-Greek violated a treaty that protects investors from Germany political risks.

Investors who have accepted the terms of the bond exchange will not seek compensation, said a lawyer at law firm Groepper Koepke.

Ministry of Finance announced on Monday in Athens conclusion bonds worth 177 billion euros under Greek law held by private investors, marking the first stage of the largest sovereign debt restructuring in history of earth.

Operation of changing the old bonds with new ones started in the morning and only covered bond portfolio of 177 billion euros revenue of Star Wars the old republic.

The new bonds Greek financial markets began Monday at a price a major discount to face value, indicating that investors have already pessimistic expectations about the finances of the Greek State, Wall Street Journal.

According Trade web, new bonds are quoted at 22-26% of the nominal value.

In the largest ever sovereign debt restructuring, private creditors have accepted the loss of 53.5% of the nominal value of bonds. If you are star wars taken into account but unpaid interest on bonds redeemed and maturity extension costs, actual losses amounted to 74%.