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Sunday, May 08, 2011

German high court rejected temporary injunction to Greece bailout
Clay Flaherty at 12:00 AM ET

On May 8, 2010, Germany's constitutional court refused to issue a temporary injunction against the German government's €22.4 billion contribution to a bailout package for debt-stricken Greece. Germany's contribution was part of a €110 billion guaranteed loan approved by euro-zone leaders earlier in 2010 and aimed at alleviating the "crisis" created by Greece's excessive national debt. The lawsuit was brought by a group of four lawyers, commonly referred to as "euro rebels," who had also opposed Germany's adoption of the euro currency.


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Learn more about the laws governing Greece and the European Union from the JURIST news archive.




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