The German "Bundesverfassungsgericht" (Constitutional Court) approved the ESM with conditions

Wed 12th Sep, 2012

The "Bundesverfassungsgericht" rejected the complaints against the ESM. The ESM can now be ratified, but conditions for the approval were also given, including a requirement for parliamentary approval of any increase in the current agreed German contribution of 190 billion euros.

The court also made clear that it was not their responsibility to decide about the practicality and usefulness of the ESM. According to the president of the "Bundesverfassungssgericht", Andreas Voßkuhle, this remains the responsibility of the politicians. The court did, however, formally rule whether the ESM would weaken the fiscal right of the Bundestag.


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