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Albert Camus famously wrote that ‘life is the sum of all your choices.’ Private lawyers could not agree more. At the core of private law lies the idea that individuals are allowed to know better than the State.

While Europe holds its breath and follows the negotiations between Greece and its partners on the financial assistance, another ´piece in the puzzle` of the European attempts to contain the sovereign debt crisis has prominently featured in the press recently. The Court of Justice (CJEU) delivered...