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German Court Decision On Eurozone Bailout Legitimacy


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HOLA441

They said on the Today programme's business slot this morning that German judges were due to rule today on whether or not bailing out Greece was allowable under Germany's constitution. Has this happened yet? Can't find any mention on the British newspaper sites so far.

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HOLA445

Can the decision be appealed?

Hmm, lets see who do you appeal to when the highest German court makes a decision?

No surprised that they went to preserve the status quo.

Not really, they have said parliament must decide (not the government).

interestrateripoff, do you actually ever read anything that you comment on or post here?

Edited by awake_eagle
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Not really, they have said parliament must decide (not the government).

interestrateripoff, do you actually ever read anything that you comment on or post here?

They said FUTURE.

On Wednesday, Germany's highest court will announce its ruling on a legal challenge against last year's Greek bailout. It is expected to strengthen the role of the German parliament in future euro bailouts. But German Finance Minister Wolfgang Schäuble has warned that the move could hamper the rescue fund's ability to act.

I've helpfully put the important bit in bold, large font and a nice colour for those who seem not to read the article.

The challenge was about the current bailout, from reading the article that bailout will not be declared illegal under German law.

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