German high court ruling could make Berlin’s responses to crisis more cumbersome

KARLSRUHE, Germany — Germany's high court on Wednesday upheld the country's participation in emergency measures to fight the eurozone debt turmoil, but ruled that a committee had to vet future plans to commit taxpayer money, potentially slowing decision-making in a fast-moving crisis.

The court said Germany's agreement last year to take part in the financial rescue of Greece and to set up a eurozone rescue fund was legal. That's a relief to markets because the country is the biggest contributor of loan guarantees to troubled nations like Greece.

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Neil Irwin 07 Sep, 2011

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Source: http://feeds.washingtonpost.com/click.phdo?i=06a6062c157370558349054f50a14f24
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