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Europe Daily Bulletin No. 10687

13 September 2012
ECONOMY - FINANCE - BUSINESS / (ae) euro
ESM gets go-ahead from German constitutional court

Brussels, 12/09/2012 (Agence Europe) - On Wednesday 12 September, the German constitutional court in Karlsruhe gave the expected go-ahead to German ratification of the European Stability Mechanism (ESM). The court ruling clears the way for the permanent eurozone bailout fund to come into operation by the end of the month. It has lending capacity of €500 billion and all aid for capitalisation of Spanish banks will be provided from the ESM. The ESM will be providing aid to Greece from now...

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