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From our international partner Spiegel International
In a historically significant signal for the euro rescue, the German Federal Constitutional Court on Wednesday ruled there are no grounds to stop the country from ratifying the European Stability Mechanism, the permanent euro bailout fund. However, the justices expressed some reservations.
The court ordered that ratification can only be completed if there are constitutional assurances that Germany's current maximum liability of €190 billion can only be increased with the approval of the federal parliament, the Bundestag, court President Andreas Vosskuhle said.
