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The Ayatollah Buggeri

German Court Decision On Eurozone Bailout Legitimacy

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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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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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Thanks. Looks like the verdict has been leaked in advance and so it's no longer really a news story.

The details will be key. If the move hampers the EFSF's ability to act, this will be very big news.

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

The European courts???

I have no idea how the German system works I was merely asking if they could appeal the decision or if it was final.

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  • 276 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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