Euro bailouts legal, German court rules | Bangkok Post: business

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Euro bailouts legal, German court rules

Germany's top court on Wednesday spared the eurozone new dangers by upholding bailouts for debt-wracked nations but insisted parliament have a bigger say in future.

The logo of the European currency Euro stands in front of the European Central Bank (ECB) in Frankfurt. Germany's top court has ruled that aid for Greece and rescue packages for other eurozone countries is legal but said parliament must have greater say in any future bailout deal.

The ruling, nervously anticipated on volatile financial markets, paved the way for Germany, the EU paymaster, to continue its contributions to bailouts.

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Writer: AFP News agency

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