Wednesday April 8, 2020

ESM challenges rejected by German court

Germany’s top court rejected lawsuits seeking to block the country’s participation in the European Stability Mechanism, a key part of the euro-area’s response to the debt crisis.

18th March, 2014

Germany’s top court rejected lawsuits seeking to block the country’s participation in the European Stability Mechanism, a key part of the euro-area’s response to the debt crisis.

The Federal Constitutional Court in Karlsruhe today dismissed the challenges to the €500 billion ESM with only minor caveats to ensure the country doesn’t lose its voting rights on the ESM’s governing board.

The ruling is part of...

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