@article{2021:rugge:the_euro_g,
title = {The Euro Group’s Informality and locus standi before the European Court of Justice: Council v. K. Chrysostomides & Co. and Others},
year = {2021},
note = {This article provides an analysis of the recent European Court of
Justice’s (ECJ) judgment in Council v. K. Chrysostomides & Co.
and Others. After the Cypriot financial and banking crisis of 2012-13,
the case raised the issue as to whether the Euro Group could be
considered as an ‘institution’ for the purposes of non-contractual
liability under Art. 340 para. 2 of the Treaty on the Functioning of
the European Union (TFEU). The Court replied in the negative, offering
a set of arguments on the nature and role of the Euro Group within the
European economic constitution and on the legal protection of
individuals vis-à-vis austerity measures. The article summarises and
criticises those arguments, showing how this judgment of the Court has
made the Euro Group essentially immune against judicial proceedings,
despite its pivotal role in the management of European economic and
monetary issues.},
journal = {Zeitschrift für ausländisches öffentliches Recht und Völkerrecht / Heidelberg Journal of International Law},
pages = {917--936},
author = {Rugge, Giacomo},
volume = {81},
number = {4}
}