Arab Today, arab today protests against eu rescues go to top german court
Last Updated : GMT 14:53:10
Arab Today, arab today
Arab Today, arab today

Protests against EU rescues go to top German court

Arab Today, arab today

Arab Today, arab today Protests against EU rescues go to top German court

Karlsruhe - AFP

The German Constitutional Court opened hearings on Tuesday on complaints against bailout loans for Greece and European Union emergency funds, but the rescue money from Germany is likely to flow on. The highest court in Karlsruhe, southwestern Germany, considered appeals against the government\'s decision to contribute to rescue funds for debt-laden Greece last year and the European Financial Stability Facility (EFSF) which was established a short time later. The government\'s decision committed Germany to guaranteeing loans of up to 22.4 billion euros ($32.4 billion) for Greece and 211 billion euros for other eurozone countries. A ruling is expected only in a few months, but questions posed by the court should indicate the issues it considers most pertinent, and it could bolster the German parliament by acknowledging additional supervisory powers, observers said. The court will probably not, however, \"lay down excessively restrictive provisions for the government,\" Commerzbank analyst Eckart Tuchtfeld forecast. Germany\'s partners within the 17-nation eurozone will nonetheless follow the proceedings closely given a popular undercurrent of resistance to aid from the bloc\'s economic powerhouse. A group of lawmakers within the Bundestag, or lower house of parliament, including within Chancellor Angela Merkel\'s conservative coalition, have become outspoken objectors for the discontent. Some claim the rescue measures violate no bailout terms of the Maastricht Treaty, or the German Constitution, and Tuchtfeld said that the court could take issue with the fact that loan guarantees committed future budgets and therefore restricted the parliament\'s budgetary rights. The court\'s ruling is also expected to consider Germany\'s participation in the European Stability Mechanism (ESM), a permanent rescue fund expected to replace the EFSF in mid 2012. \"We find ourselves on a path we cannot see the end of, and we want to know if this is the right path,\" said Joachim Starbatty, a university professor who was one of the first to file a complaint with the court. Finance Minister Wolfgang Schaeuble argued in a statement to the court that Berlin had to stand alongside its eurozone partners, saying \"a common currency cannot make it without solidarity among its members.\" Himself a jurist by training, Schaeuble also noted that European treaties allowed for the possibility of EU member countries providing \"mutual support\" in times of trouble. Although Tuchtefeld did not expect such a result, he warned that \"if the court were to restrict the government\'s leeway to act, the consequences for the EU and the financial markets could be extremely serious.\"

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 protests against eu rescues go to top german court Arab Today, arab today protests against eu rescues go to top german court

 



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 protests against eu rescues go to top german court Arab Today, arab today protests against eu rescues go to top german court

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel sees benefits in independent Kurdistan: experts

GMT 07:58 2017 Wednesday ,20 September

Israel sees benefits in independent Kurdistan: experts
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Horia Farghaly happy for success of “Case G”

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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