A case against the EU  deal has been brought by German plaintiffs, and the Greek vote could mean nothing if a court case launched by a group of German citizens derails Germany’s financial contribution to the bailout. The group, led by a member of parliament for the Christian Social Union party, includes legal academics led by Nuremberg constitutional law professor Karl Albrecht Schachtschneider. They argue that the bailout is unconstitutional both in German and European law. In the first instance, they argue the process by which the €22bn contribution to the Greek bailout package that was approved by Germany was improper. Also the moves infringe upon their rights as German citizens. They lean on article 125 of the Lisbon Treaty ’no bailout’ clause which expressly forbids the EU or a member state from undertaking the responsibility of covering the debts of another member state.

Pray: for all that is hidden to be revealed and for leaders to use sound judgment and Godly insights pronouncements. (Pr.8:14-16)

More: http://www.cityam.com/wealth-management/legal-battle-could-yet-sink-the-greek-bailout