Germany Constitutional Court supports, caps eurozone funding

[JURIST] The Federal Constitutional Court of Germany [official website, in German] on Wednesday rejected a preliminary injunction [judgment, in German; press release, in German] to halt the implementation of the the 500 billion euro (USD $632 billion) European Stability Mechanism (ESM) [text, PDF] and the fiscal compact, but imposed a cap on Germany's contribution to the fund. The ESM and fiscal compact—measures intended to deal with the European debt crisis in the euro currency area—were called unconstitutional by critics who...

Source: http://jurist.org/paperchase/2012/09/germany-constitutional-court-supports-caps-eurozone-funding.php

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