Merkels Euro-Rettungsplan verfassungswidrig?

aus dem heutigen Eurointelligence Daily Briefing

Bundestag to torpedo a key element of the ESM deal

• Budget committee says automatic capital rule of the ESM both unacceptable and unconstitutional;
• wants to subject each capital increase to a vote in the Bundestag (which would probably impair the AAA-rating of the ESM;
• statement comes after German Court of Auditors handed out a ruling saying that Merkel understated the amounted of capital Germany is likely to provide, as it underestimates the possibility that other guarantors might not pay up;
  
  
• Troika frustrated about Greek authorities’ failures on taxes and customs;
• 30 NGOs create a “Finance Watch” lobby group to counter the lobbying strength of the financial sector;
• the Netherlands threatens to block Iceland’s bid to join the
  
• Lorenzo Bini-Smaghi, meanwhile, argues that it is fair for Irish taxpayers to shoulder the burden, as they created a financial centre based on lax financial regulation and low corporate taxes.