The Courts of the European Union do not have jurisdiction to hear actions for damages brought against the Euro Group, an informal body which acts as a 'bridge' between national, EU and intergovernmental bodies, said Advocate General Giovanni Pitruzzella in his Opinion delivered on Thursday 28 May (Joined Cases C-597, 598, 603 & 604/18).
In July 2018, the General Court dismissed the compensation claims of depositors in Laïki and Bank of Cyprus or shareholders or bondholders of those banks...