Arab Today, arab today german court ruling clears way for european bailout fund
Last Updated : GMT 11:24:12
Arab Today, arab today
Arab Today, arab today

German court ruling clears way for European bailout fund

Arab Today, arab today

Arab Today, arab today German court ruling clears way for European bailout fund

Berlin - ANSA

A German court has cleared the way for a new European bailout fund, but also set limits on the amount of its own country\'s contribution. The German Constitutional Court Wednesday rejected legal challenges to the establishment of a permanent European bailout fund, but also said that Germany itself would provide no more than 190 million euros. The remaining 73% of the European Stability Mechanism (ESM) would be funded by other governments, the court said, adding the fund shouldn\'t incur unlimited liabilities. The ESM is to be used alongside the latest program from the European Central Bank to buy sovereign bonds to help struggling eurozone countries like Spain and Italy. Last week, ECB President Mario Draghi said his Outright Monetary Transactions bond purchase program would be available only to countries willing to request help and meet conditions set out in rescue funds including the ESM. Opponents in Germany had argued that the ESM would cost their country too much. But supporters of the rescue fund, including German Chancellor Angela Merkel, said it was a crucial component of a series of measures aimed at supporting ailing European economies and avoiding the collapse of the euro. Financial markets - particularly bank stocks - cheered the ruling.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german court ruling clears way for european bailout fund Arab Today, arab today german court ruling clears way for european bailout fund

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german court ruling clears way for european bailout fund Arab Today, arab today german court ruling clears way for european bailout fund

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday