CELEX: 62014TN0413
Language: en
Date: 2014-03-30 00:00:00
Title: Case T-413/14: Action brought on 30 May 2014  — Grigoriadis and Others v European Parliament and Others

8.12.2014   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               C 439/29
            
         Action brought on 30 May 2014 — Grigoriadis and Others v European Parliament and Others
   (Case T-413/14)
   (2014/C 439/39)
   Language of the case: Greek
   
      Parties
   
   
      Applicants: Grigoris Grigoriadis (Athens, Greece), Faidra Grigoriadou (Athens, Greece), Ioannis Tsolias (Thessaloniki, Greece), Dimitrios Alexopoulos (Thessaloniki, Greece), Nikolaos Papageorgiou (Athens, Greece) and Ioannis Marinopoulos (Athens, Greece), (represented by: K. Papadimitriou, lawyer)
   
      Defendants: European Parliament, European Council, Council of the European Union, European Commission, European Central Bank, Eurogroup
   
      Form of order sought
   
   The applicants claim that the General Court should:
   
               —
            
            
               declare that the defendants failed to legislate in order that the bonds which the applicants purchased from the Hellenic Republic are expressly exempt from the compulsory participation of holders of Greek State bonds governed by Greek law in P.S.I. (private sector involvement in debt relief);
            
         
               —
            
            
               grant the applicants by a directly applicable Community measure, directive, regulation or other Community legislative act the ability to receive 100 % of the value of the bonds which were included in P.S.I. without their being asked and without their agreement;
            
         
               —
            
            
               grant compensation of EUR 5 00  000 by a directly applicable Community measure, directive, regulation or other Community legislative act to each of the applicants for the hardship, distress and gross breach of fundamental rights that they have suffered.
            
         
      Pleas in law and main arguments
   
   In support of the action, the applicants rely on five pleas in law.
   
               1.
            
            
               First plea: The legislative and other acts which led Greece to the compulsory participation of the holders of Greek State bonds governed by Greek law in P.S.I. are in reality Community measures.
            
         
               2.
            
            
               Second plea: The measures which the Greek Government adopted to deal with Greek public debt were in reality imposed by the institutions of the European Union, in particular the ECB and the European Commission.
            
         
               3.
            
            
               Third plea: The defendants failed to legislate, and to explicitly exempt the applicants’ bonds governed by Greek law by means of the acts of the Council of Ministers by which the terms governing the application of P.S.I. in Greece were specified.
            
         
               4.
            
            
               Fourth plea: The failure to exempt the applicants and their express compensation from P.S.I. have caused them direct, personal and serious harm and denied them enjoyment of their fundamental rights.
            
         
               5.
            
            
               Fifth plea: All the legislative measures of the Greek Government were adopted on the recommendation and, to be more precise, after decision of the Eurogroup, ΕCOFIN, the ECB and the European Commission.