Wall Street Journal
September 7, 2011
So the euro can breathe again. Germany’s highest court has ruled that everything the government has done now to support Greece, Ireland and Portugal is in fact allowable under the German constitution.
The ruling will make it much easier for the German government to get parliamentary approval on Sept. 29 for the deal that Chancellor Angela Merkel signed up to in Brussels in July, which expanded both the size and flexibility of the European Financial Stability Facility, the euro-zone rescue mechanism.
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