The German Federal Constitutional Court and the European Stability Mechanism
By: Carsten Lexa The German Federal Constitutional Court in Karlsruhe dismissed motions on Wednesday that sought to block the Euro Zone’s permanent bailout fund, the European Stability Mechanism, or ESM. The ESM is designed to handle bailouts and work in tandem with the European Central Bank to buy the bonds of countries, such as Italy and Spain, that are straining… Continue reading "The German Federal Constitutional Court and the European Stability Mechanism"