Brussels, 27/09/2012 (Agence Europe) - On Thursday 27 September, the eurozone nations issued a declaration paving the way for formal ratification of the European Stability Mechanism (ESM) by Germany, the final stage in the ratification process so that the ESM, a bailout fund with lending capacity of €500 billion, comes into force (see EUROPE 10690). The declaration endorses the criteria laid down by the German Constitutional Court in Karlsruhe earlier this month about the Bundestag's right...