Euro bailout fund backed by German court
Germany's top court has rejected calls to block the permanent eurozone rescue fund - the European Stability Mechanism (ESM) - and the European fiscal treaty.
But the Constitutional Court imposed conditions including a cap on Germany's contribution, which it said could only be overruled by the German parliament.
Some 37,000 people had signed a petition to the court asking it to block the ESM, and make it subject to a referendum.
Gavin Hewitt reports.
12 Sep 2012
- From the section Europe