Skip to comments.Top German court: euro bailout fund is kosher
Posted on 03/18/2014 6:57:48 PM PDT by Olog-hai
Germanys highest court ruled on Tuesday that the European bailout fund, the ESM, was in line with the countrys constitution, throwing out numerous objections by euroskeptics.
Confirming a preliminary ruling dating from September 2012, the Federal Constitutional Court said it saw no obstacles to Germany taking part in the 500-billion European Stability Mechanism, set up to bail out troubled countries and their banks.
Nevertheless, in the ruling, presiding judge Andreas Voßkuhle insisted that it must be the Bundestag [lower house of parliament] which retains sole responsibility over Germanys public income and spending, even with regard to its international and European commitments.
(Excerpt) Read more at thelocal.de ...
But is it Halal?
Crank That Kosha Boy
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