Wednesday, September 7, 2011

Top German court rejects anti-euro bailout lawsuits

KARLSRUHE: Germany's Constitutional Court rejected on Wednesday a series of lawsuits aimed at blocking Germany's participation in bailout packages for Greece and other euro zone countries, but said parliament must have a bigger say in future rescues.

The country's highest court in Karlsruhe said the German government must seek the approval of parliament's budget committee before granting such aid, a requirement which could further slow down Europe's response to the debt crisis. ' Reuters


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