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Wednesday, September 7, 2011

German Funding European Neighbourhood now winding up..?




Head of Germany’s high court, Andreas Vosskuhle, left, pronounces the judgment, while judge Rudolf Mellinghoff,right, looks on in the court room in Karlsruhe,Germany, Wednesday Sept. 7, 2011. Germany’s high court on Wednesday upheld the country’s participation in eurozone bailout funds, but ruled that parliament should be more involved in such decisions. 


 Presiding Judge Andreas Vosskuhle said even though the Federal Constitutional Court had rejected lawsuits arguing that Germany’s participation had violated parliament’s right to control spending of taxpayer money, it was not giving a rubber-stamp to the chancellor’


The ruling means that while Germany’s agreement to take part in the financial rescue of Greece will not be affected, participation in future bailouts might become more complicateds office

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