July 17, 2014
by Nicholas Tomsho
The European Parliament approved a resolution to allow Lithuania to adopt the euro as their official currency in a plenary session Wednesday. The resolution, which will make Lithuania the nineteenth nation to join the Eurozone on January 1, 2015, was passed by a vote of 545-116. "This is good news ...[read more]
March 19, 2014
by Theresa Donovan
The Federal Constitutional Court of Germany on Tuesday upheld the constitutionality of the European Stability Mechanism (ESM). This affirms the court's 2012 decision, which rejected a preliminary injunction to halt the implementation of the ESM and the fiscal compact, but which imposed a cap on ...[read more]
February 7, 2014
by Matthew Pomy
Germany's Constitutional Court on Friday referred the case against the European Central Bank's (ECB) bond-buying plan, called Outright Monetary Transactions (OMT), to the European Court of Justice (ECJ). The ruling means the German court will not cut the program, which could alarm investors that ...[read more]
December 4, 2013
by Sung Un Kim
The European Commission (EC) on Wednesday fined eight international financial institutions ?1.7 billion for having engaged in illegal cartels. They were all involved in cartels relating to interest rate derivatives. Some participated in a cartel that was denominated in euro currency while some... ...[read more]
November 23, 2013
by Julie Deisher
The International Tribunal for the Law of the Sea (ITLOS) on Friday ordered the release of the Greenpeace International ship Arctic Sunrise as well as the release of the 28 activists and two freelance journalists who were arrested on board the ship, upon payment of a ?3.6 million euro bond by... ...[read more]
February 8, 2013
by Arjun Mishra
On February 8, 2008, a French court sentenced Jean Marie Le Pen, the leader of France's right wing National Front party, to three months in jail for minimizing the Nazi occupation of France during World War II. The sentence included a 10,000 euro fine and was in response to Le Pen claiming that ...[read more]
January 26, 2013
by Arjun Mishra
On January 26, 2010, a French parliamentary commission recommended a partial ban on the wearing of burqas and other facial veils donned by Muslim women in public areas. The French Constitutional Court approved a bill banning facial veils in public in October 2010, finding the law and its 150 euro ...[read more]
November 27, 2012
by Samuel Franklin
The European Court of Justice (ECJ) ruled Tuesday that the euro zone's permanent bailout fund, the European Stability Mechanism (ESM), is in line with European law, following a referral from the Ireland Supreme Court. The referral arose from a claim made by a member of Irish Parliament that the ...[read more]
September 21, 2012
by Dan Taglioli
The Constitutional Council of France on Friday rejected a challenge to the bullfighting exception contained in the animal cruelty provisions of the country's criminal code. Article 521-1 of the Criminal Code provides for two years in prison and a 30,000 euro fine for the serious maltreatment or ...[read more]
September 12, 2012
by Maureen Cosgrove
The Federal Constitutional Court of Germany on Wednesday rejected a preliminary injunction to halt the implementation of the the 500 billion euro (USD $632 billion) European Stability Mechanism (ESM) and the fiscal compact, but imposed a cap on Germany's contribution to the fund. The ESM and ...[read more]

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