September 7, 2011
Angela Merkel breathed a sigh of relief on Wednesday as Germany's highest court ruled that her controversial decision to contribute billions of euros to the first rescue package of Greece and other fiscally troubled countries last year was not illegal.
But the federal constitutional court also decreed that parliament should be more involved in such decisions.
The ruling means that while Germany's agreement to take part in the financial rescue of Greece will not be affected, participation in future bailouts might be more complicated.
European stock markets were boosted by the ruling, which heads off total chaos in the eurozone but could lead to delays in further bailouts.
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