Karlsruhe Judges…fancy dress, or citizen protection with teeth?
The Karlsruhe judges today found that the center-right coalition government led by Chancellor Angela Merkel had breached the rights of the German parliament by failing to sufficiently inform lawmakers during negotiations towards the creation of the permanent euro rescue fund, the European Stability Mechanism (ESM).
This decision is “a further important building block in a series of decisions by the Constitutional Court that strengthen parliamentary responsibility in the context of European integration,” the president of the court, Andreas Vosskuhle, said.
But is it? If – like the case for a Weimar ruling against Nazi violence in 1931* – it is simply ignored, then what good is Karslruhe?
Contagion fears and panic appear to have reached France’s shores ahead of Sunday’s Greek vote, as Max Keiser has received a first-hand account that France’s large Banque Postal stopped outgoing bank wires due to ‘technical glitches’, and also stopped cash transactions beginning at 8am Friday!