Euro Bailout Fund Given a Qualified German Yes
A September ruling by the German constitutional court averted a
disastrous collapse of eurozone debt relief and allows Germany to join
the European Stability Mechanism (ESM) – the new permanent eurozone
bailout fund. However, the court’s decisions had strings attached that
raise questions about the long-term viability of the eurozone and
reiterate that there are limitations on Germany’s support for European
integration.
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