Off Topic: German Supreme Court Rules in Challenge to the European Stability Mechanism (ESM)

In a widely anticipated ruling, Germany’s highest court (Bundesverfassungsgericht – the German Constitutional Court) today declined to block the European Stability Mechanism, or ESM.  Ruling on six challenges seeking the court to issue injunctions and claiming that the ESM is incompatible with the German constitution, the court declined to enjoin the German president from signing the treaty establishing the ESM.

The court’s decision can be found here (in German).

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