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German court backs EU bailout fund

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German court backs EU bailout fund

E
euronews (in English)

15 Views • Sep 12, 2012

Description

Top judges in Germany have confirmed that the eurozone's new bailout system does not breach German law.

Some 37,000 plaintiffs lodged a complaint with the country's constitutional court in Karlsruhe.

They argued that the European Stability Mechanism is unconstitutional, claiming it could expose German taxpayers to unlimited demands for bailout money.

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http://www.euronews.net/