Top German court: euro bailout fund is kosher

TheLocal.de ^ | 18 Mar 2014 11:41 GMT+01:00 | (AFP)

[Olog-hai]

Germany’s highest court ruled on Tuesday that the European bailout fund, the ESM, was in line with the country’s constitution, throwing out numerous objections by euroskeptics.

Confirming a preliminary ruling dating from September 2012, the Federal Constitutional Court said it saw no obstacles to Germany taking part in the €500-billion European Stability Mechanism, set up to bail out troubled countries and their banks.

Nevertheless, in the ruling, presiding judge Andreas Voßkuhle insisted that it must be “the Bundestag [lower house of parliament] which retains sole responsibility over Germany’s public income and spending, even with regard to its international and European commitments.” …

[Olog-hai]

So basically this is about extending the Bundestag’s power over the rest of the continent. Against the will of Germany’s people, for the record, but seemingly not against the will of Germany’s elite politicians.

[dfwgator]

But is it Halal?

[Jack Hydrazine]

Crank That Kosha Boy
https://www.youtube.com/watch?v=9oYDBtCN-hk