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Merkel Victory as German Court Backs Euro Rescue Fund
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Germany's Constitutional Court and the EU bailouts
09/07/2011
Germany's Constitutional Court and EU bailouts of Greece, Portugal, Ireland and other countries in the EU. The Court ruled that the bailouts were legal under German law. It also required that future bailouts would have to be approved by a parliamentary committee. This does not preclude bailout loans as the Merkel government has support for its moderate position in the parliamentary committees.
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