Germans to mount legal challenge over Greek bail-out

The four German professors are set to challenge the bail-out package at Germany's constitutional court and ask for an injunction to block the transfer of German funds, reports The Telegraph. They will ask the court to investigate whether the European Central Bank has contravened EU rules and whether the loan package rescue plan - which the IMF has also singed up to - constitutes an illegal subsidy. By asking the court to freeze any aid until the outcome of the case, the challenge threatens to plunge Greece's economy into a state of uncertainly for months and potentially destabilise So...