Thursday, July 7, 2011

Greek Aid Challenged: German Court Likely to Rule 'Yes, But' On Euro Bailout















Did the German government act lawfully by committing billions of euros to the bailout of Greece? The answer of the Federal Constitutional Court, which began hearing the case on Tuesday, will probably be 'Yes, but.' The judges are likely to grant parliament greater power in decision-making and perhaps even set an upper ceiling on any future rescue package.




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Spiegel