German Euro Ruling: Karlsruhe Demands Greater Parliamentary Rolein Bailouts

7th September 2011, Comments 0 comments

Germany's highest court has rejected three lawsuits against euro bailout measures, but its ruling also strengthens the role of the German parliament in determining aid for heavily indebted euro-zone countries. The new procedures are more democratic, but they could also lead to fresh turbulence on the finance markets.

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