Order of the General Court of 5 October 2015 — Kafetzakis and Others v Parliament and Others

(Case T-38/14) ¹

(Application for failure to act and for damages — Restructuring of Greek public debt — Involvement of the private sector — Harm resulting from the reduction of bonds provided as a redundancy payment — Statements of heads of State or governments of the Euro zone and of EU institutions — Statement of the Eurogroup — Lack of substantiation of causality with the alleged harm — Inadmissibility)

Language of the case: Greek

Parties

Applicants: Georgios Kafetzakis (Athens, Greece) and the 102 other applicants whose names are indicated in the annex to the order (represented by: C. Papadimitriou, lawyer)

Defendants: European Parliament (represented by: A. Troupiotis and L. Visaggio, acting as Agents); European Council; Eurogroup; Council of the European Union (represented by: A. de Gregorio Merino, M. Balta and E. Dumitriu Segnana, acting as Agents); European Commission (represented by: M. Konstantinidis, J. P. Keppenne and B. Smulders, acting as Agents); and European Central Bank (ECB) (represented by: P. Papapaschalis and P. Senkovic, acting as Agents)

Re:

Application for (i) a declaration that the defendants unlawfully failed to adopt the necessary legislative measures for ensuring that the bonds held by the applicants as employees made redundant by Olympiaki Aeroporia would not be affected by the private sector involvement in the debt relief programme plan (PSI), reducing the value of Greek State debt, and (ii) damages for the harm allegedly suffered by the applicants resulting from that unlawful failure to act.

Operative part of the order

The Court:

1.    Dismisses the action.

2.    Orders Mr. Georgios Kafetzakis and the 102 other applicants whose names are indicated in the annex to pay the costs of the proceedings.

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¹     OJ C 292, 1.9.2014.