German court rejects eurosceptic appeal over Greek bailout

8th May 2010, Comments 0 comments

Germany's Constitutional Court announced Saturday that it had rejected a complaint lodged by eurosceptics aimed at blocking billions of euros in loans from Berlin to crisis-hit Greece.

The court said delaying the Greek bailout until a final judgement was reached on the complaint would put the rescue plan for Athens in danger.

The four lawmakers and one businessman who lodged the appeal had hoped the court would temporarily block the loans payment as it considered the case.

The German parliament however gave the green light on Friday to the transfer of over 22 billion euros (28 billion dollars) over three years, making it the biggest contributor to the 80 billion euros rescue plan.

The complaint had been lodged on Friday, just after the vote in the German lower house, the Bundestag, without waiting for the vote in the upper house, nor the proclamation of the law by the president, Horst Kohler.

The four lawmakers had already lodged a complaint with the Constitutional Court in 1998 against the introduction of the single euro currency.

© 2010 AFP

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