German court backs euro rescue fund with conditions

About German court backs euro rescue fund with conditions


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News article: German court backs euro rescue fund with conditions

News Manager September 12th, 2012

KARLSRUHE, Germany (Reuters) - Germany's Constitutional Court gave a green light on Wednesday for the country to ratify the euro zone's new bailout fund and budget pact, but insisted the German parliament have veto powers over any future increases in the size of the fund. The eagerly awaited verdict boosted global stocks and the euro currency as investors breathed a sigh of relief that the euro zone's rescue fund for nations in crisis could soon take effect after months of delay. ...




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