German top court to rule on eurozone bailout fund
Germany’s constitutional court will proceed with a ruling on the legality of the eurozone’s new permanent bailout fund and budget rules, rejecting a last minute legal challenge.
It means a final decision on the so called European Stability Mechanism and Fiscal Compact will be made this Wednesday.
Speaking to euronews Brussels based expert Janis Emmanouilidis from the European Policy Centre said:
‘‘Regarding Europe, it might be that the Court will say what is possible and what should be done, and how the ESM fits within the framework of the constitution. The court will also say which parts of bailouts are legal and which are not.’‘
When asked about German domestic opposition, he added: ‘‘I would say the biggest problem is that there hasn’t been any real explanation on what the ESM is. There hasn’t been any real information on why such a mechanism is needed, if there are any risks, whether these have been considered properly, and if there is an alternative or not.’‘
The legal challenge by a member of the German parliament had argued Germany should not ratify the ESM until the European Central Bank rowed back on its new bond-buying plan announced by its chief Mario Draghi last week.
Watch videoclip here.
Latest media contributions
En quête d’une « nouvelle réalité » : quels défis pour la cohésion européenne post-crise?
Quotes, EURACTIV (FR), 19.02.2021
European cohesion through the pandemic: The state of play one year into COVID-19
Online Event, YouTube, 18.02.2021
Experten sehen von der Leyen angeschlagen - aber nicht abgeschrieben
Quotes, Die Presse (AT), 09.02.2021
EPC Update – European Health Union & EU-UK relations
Online Briefing, YouTube, 05.02.2021
L’Europe s’essouffle dans la course aux vaccins, la stratégie de vaccination pointée du doigt
Quotes, La Libre (BE), 02.02.2021
European Populists Who Looked to Trump Now Look Away
Quotes, The New York Times, 13.01.2021
EPC Update – State of the Union & challenges for 2021
Online Briefing, YouTube, 08.01.2021
Alemania al mando del Consejo Europeo: logros y fracasos
Quotes, Deutsche Welle (Spanish), 15.12.2020
Taking Stock of the German EU Council Presidency and Identifying Challenges for 2021
Online DGAP-EPC Event, YouTube, 15.12.2020
Jokes About Hungarian ‘Dictator’ Masked Breach at Heart of EU
Quotes, Bloomberg, 10.12.2020