ESM, German Constitutional Court, Passing the hat onto Ireland

The German Constitutional Court has not deemed it necessary to block the ESM measures taken by the European Union and has in the end requested further comments whenever relevant amounts exceed 190 billion euros

The German Constitutional Court has released its decision in the Case put before it to review the Constitutionality of the European Union's European Structural Mechanism not bringing forth a block to the measures but approving them as constitutional, with a caveat stating that should sums be more than 190 billlion euros, the court would have to be newly implicated.

'The KarlRuhe decision on the ESM preserves the status quo, more or less and is the best possible...

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