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People and Politics

The 700 Billion Euro Verdict – Germany’s Constitutional Court and the euro

It is a landmark event in the effort to rescue the euro: the German Constitutional Court has given the go-ahead for Germany to ratify the European Stability Mechanism – with some provisos.

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The decision has been greeted with relief by German Chancellor Angela Merkel and by the architects of the euro, among them former Foreign Minister Hans-Dietrich Genscher.