Join our campaign to demand that the ECB publish the legal opinion it commissioned on whether its closure of Greece’s banks in 2015 was… legal
Read the petitionJoin our campaign to demand that the ECB publish the legal opinion it commissioned on whether its closure of Greece’s banks in 2015 was… legal
In 2015, the European Central Bank (ECB) forced Greece’s banks to close as part of the Troika’s attempt to intimidate the newly-elected Greek government into abandoning what it had been voted in to do: renegotiate the country’s public debt, fiscal policy and reform agenda.
Following the closure of the banks, capital controls were imposed on Greece, with widespread social and economic costs for its already-ailing economy.
We know the ECB commissioned a legal opinion on the legality of those actions. And we want to see that opinion, but the ECB refuses to make it public.
The ECB has the exorbitant power to close down a Eurozone country’s banks. Exercising this power with decisions made behind closed doors by unelected officials is inconsistent with European democracy.
The least Europeans can expect is access to legal opinions that they have paid for regarding the exercise of the ECB’s power. In 2017, Yanis Varoufakis (DiEM25 / MeRA25 Greece) – Greece’s finance minister at the time the opinion was commissioned – and then-MEP Fabio de Masi (GUE/NGL), supported by a broad alliance of politicians and academics, filed a mass freedom of information request to the ECB to get this opinion. When they refused to release it on “confidentiality grounds”, we took them to the European courts.
To this day, the ECB hasn’t made that legal opinion public. Not only that – it is now demanding over €20.000 in legal fees from us, as a clear warning to anyone who dares request information that should be accessible to all Europeans in the first place.
We won’t be intimidated: our response is to renew our call for the ECB to release #TheGreekFiles!
By signing our petition, you are helping us put a simple question to the ECB: if you acted legally, why don’t you release the legal opinion regarding your actions?
We also need your help to cover the costs of the ECB’s financial intimidation. If you can, please donate now.
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