Court Rejects Challenges to German Euro Bailouts

The decision seemed to place fewer restrictions than some had expected on Chancellor Angela Merkel’s ability to react to the European debt crisis, while the high public standing of the court should lend broader legitimacy to government efforts to shore up the European currency. But, some analysts said, the ruling could hamper Mrs. Merkel’s power to take quick measures.

The court’s president, Andreas Vosskuhle, said the ruling did not represent a “blank check for additional rescue packages.”

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, --European Sovereign Debt Crisis of 2010, Economy, Euro, Europe, European Central Bank, Germany, Law & Legal Issues