German Court Rejects Rescue Challenge

Top court says government needs parliamentary approval for bailout payments.

Challenges to Germany’s participation in the euro rescue funds were rejected by the nation’s top court today, which said the government must seek some parliamentary approval for any future bailout payments.

The Federal Constitutional Court in Karlsruhe threw out suits targeting Germany’s share of the 110 billion-euros ($155 billion) in loans for Greece from euro-region governments and the International Monetary Fund as well as a separate 750 billion-euro rescue fund approved last year to halt the spread of Greece’s debt crisis.

Copyright 2016 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Comments

Advertisement. Closing in 15 seconds.