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Today in legal history...

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.

German flag

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

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