Send a Tweet
Most Popular Choices
Share on Facebook 3 Share on Twitter 2 Printer Friendly Page More Sharing
OpEdNews Op Eds    H3'ed 9/13/12

German High Court Capitulates to Bankers

By       (Page 1 of 6 pages)     (# of views)   No comments
Author 194
Message Stephen Lendman
Become a Fan
  (191 fans)
- Advertisement -

German High Court Capitulates to Bankers


Capitulation ignored deep-seated unresolved structural problems. 

by Stephen Lendman

- Advertisement -

As expected, the Court caved. On September 12, headlines reported it. The Financial Times said "German politicians declared the road clear for the creation of the eurozone's (500 billion euro) rescue fund after the country's constitutional court rejected a petition to block it."

At issue is does it matter? More on that below.

Two Eurozone rescue schemes exist. The European Financial Stability Facility (EFSF) is running out of funds. Germany's High Court approved the European Stability Mechanism (ESM).

- Advertisement -

Originally it was scheduled to take effect July 1. Germany's parliament was still debating it. Constitutional Court approval is required. 

It could have linked passage to constitutional law change. Doing so would have required Germany's first post-war national referendum. It stopped short and approved what lacks legitimacy, and in the end won't work.

Next Page  1  |  2  |  3  |  4  |  5  |  6

 

- Advertisement -

Rate It | View Ratings

Stephen Lendman Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

I was born in 1934, am a retired, progressive small businessman concerned about all the major national and world issues, committed to speak out and write about them.
Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

The McCain-Lieberman Police State Act

Daniel Estulin's "True Story of the Bilderberg Group" and What They May Be Planning Now

Continuity of Government: Coup d'Etat Authority in America

America Facing Depression and Bankruptcy

Lies, Damn Lies and the Murdoch Empire

Mandatory Swine Flu Vaccine Alert