Verfassungsklage gegen deutschen Portugal-Rettungsbeitrag

A Karlsruhe court case against the rescue of Portugal

A group of 50 economists and lawyers are apply for a court injunction at the Karlsruhe constitutional court against the rescue program for Portugal, Börsenzeitung writes. According to law professor Markus Kerber of Berlin, who is acting on behalf of the group, the rescue program contains irreversible inconveniences for Germany. Should there be no injunction Germany would lose its fiscal sovereignty, Kerber argues. The group has already introduced a court case against the rescue package of May 2010. It now argues that the measures decided in May 2010 have not managed to calm the markets and to reduce the spreads in interest rates. Kerber also argues that the court does not have any basis to rule at a later stage if the biggest chunk of the money for the countries that are being rescued has already been paid out.

(Quelle: Eurointelligence Daily Newsbriefing vom 12.4.11)