ECB sued over decision to freeze help to Greek banks during crisis

December 18, 2017, Reuters: ECB sued over decision to freeze help to Greek banks during crisis

"Varoufakis and a German leftist parliamentarian, Fabio De Masi, are asking the European Union’s top court to force the ECB to disclose a legal opinion that informed that decision, which they say might be unlawful.

“By restricting liquidity to the Greek banking sector to force cuts in pensions, tax increases and fire-sale privatisations, the ECB overstepped its mandate,” De Masi said.

After their request was rejected by the ECB, Varoufakis and De Masi are turning to the General Court of the European Union to obtain the document."