Tag Archives: European Stability Mechanism

Not yet time for Euro-euphoria

Countries using the Euro de jure Countries and...

Countries using the Euro de jure Countries and territories using the Euro de facto Countries in the EU not using the Euro (Photo credit: Wikipedia)

By Nikolaus Van Der PasFriends Of Europe, September 17, 2012

EU activity resumed after the summer with some good news. ECB President Mario Draghi buoyed markets with a commitment of unlimited purchases of bonds from fragile Eurozone countries; the German Constitutional Court gave the thumbs up to the European Stability Mechanism; Commission President Barroso delivered an ambitious State of the Union speech, and the Dutch voted for pro-European parties, rejecting their nationalistic rivals… (more)  http://ow.ly/1muvPY

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The German Constitutional Court and the ESM: What happened?

ECFR: The German Constitutional Court and the ESM: What happened? http://ow.ly/1mpJDT

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German top court backs euro bailout fund

Friends Of Europe: German top court backs – Germany’s top constitutional court has rejected calls to block the permanent 500 billion euro Europe http://ow.ly/1mpsgu

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German Constitutional Court and the European Bailout Fund

Bundesverfassungsgericht, Karlsruhe

Bundesverfassungsgericht, Karlsruhe (Photo credit: Al Fed)

European Inst: German Constitutional Court and the European Bailout Fund (9/11) http://ow.ly/1moNYo

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Europe’s Crisis Goes to Court

Bundesverfassungsgericht, Karlsruhe

Bundesverfassungsgericht, Karlsruhe (Photo credit: Al Fed)

 and , Project Syndicate, August 30, 2012

Throughout Europe and beyond, economists are debating potential solutions to the eurozone’s sovereign-debt crisis. But these discussions often neglect, or at least downplay, one crucial element of any resolution: the German Constitutional Court (Bundesverfassungsgericht) in Karlsruhe, which is responsible for determining whether measures taken by Europe’s leaders are legal under German law… (more) http://ow.ly/1md6R4

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Judgment Day for the Eurozone

English: Article 1 ("Human dignity shall ...

Article 1 (“Human dignity shall be inviolable.”), sentence 1, of Basic Law for the Federal Republic of Germany, at courthouse in Frankfurt am Main, Germany. (Photo credit: Wikipedia)

Hans-Werner Sinn, Project Syndicate, August 27, 2012

Europe and the world are eagerly awaiting the decision of Germany’s Constitutional Court on September 12 regarding the European Stability Mechanism (ESM), the proposed permanent successor to the eurozone’s current emergency lender, the European Financial Stability Mechanism. The Court must rule on German plaintiffs’ claim that legislation to establish the ESM would violate Germany’sGrundgesetz (Basic Law). If the Court rules in the plaintiffs’ favor, it will ask Germany’s president not to sign the ESM treaty, which has already been ratified by Germany’s Bundestag (parliament)… (more)  http://ow.ly/1m9DDu

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IIEA: Ratification of ESM Treaty Moves One Step Closer

Oisín Gilmore, Institute of International and European Affairs,  August 10, 2012 

On Wednesday 1 August 2012, the Irish Government began the final stage of ratifying the Treaty establishing the European Stability Mechanism (ESM).

The ESM treaty is a stand alone treaty, which establishes the ESM. The ESM will provide financial assistance to members of the Eurozone and replaces existing temporary funding programmes the European Financial Stability Facility (EFSF) and the European Financial Stabilisation Mechanism (EFSM). Along with the Treaty on Stability, Coordination and Governance (TSCG), the ESM treaty was signed earlier this year… (more) http://ow.ly/1lUINZ

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