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My prediction of a Nein vote was wrong... The German Constitutional Court has released its judgment on September, 7 2011 and rejected the claims by a group of German professors and a prominent member of the Christian Social Union. The Court said that the laws which Germany’s contributions to the bailouts are based on do not violate the German Constitution (Grundgesetz), but also ruled that is has to be ensured that the Parliament (Bundestag) remains the final responsibility for similar financial packages in the future. It was worth believing that someone, somewhere, could stand up to The System.

Posted by Jon On 09/06/2011 at 11:09 am
 
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NEIN To Bailouts

Category: Borrowing and Debt 630 Views
 
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