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September 12, 2012

Germany's Euro-skeptics Dealt Blow

Nelles & Weiland, Der Spiegel

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Germany's Federal Constitutional Court has rejected a lawsuit brought by opponents of the euro, and has set only a few conditions for the ratification of the European Stability Mechanism and the fiscal pact. The main proviso is that the ESM cannot increase the scope of Germany's liability without the country's agreement. What will the ruling mean for Berlin and Europe?

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TAGGED: Eurozone, Germany

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