German court ruling on ESM
Dollar Continues to Retrace Earlier Gains of 2012
September 12, 2012
Germany’s Federal Constitutional Court gave a conditional green light to the permanent EU bailout fund, the ESM, and to a new fiscal pact. This ruling removes a major impediment to the Draghi plan. The ESM will be functional October 8. The court said Germany’s contribution to the ESM cannot exceed EUR 190 billion without getting […] More
