German Judge to Decide the Fate of the Euro

The possibilities of a broad set of bailout programs for Europe's weak nations rests in part with the top Germany court - the Constitutional Court. On Wednesday it will announce whether the German government can participate in these plans without violating the law of the land. Should the court vote no, the German contribution to these rescue mechanisms would largely disappear. Without the weight of the region's largest economy by gross domestic product behind it, most of the plans would have to be scuttled.

Reuters reports:

Angela Merkel may be the most powerful woman in Europe, but this week the chancellor's plans to save the euro lie in the hands of Andreas Vosskuhle, the supreme court judge known as Germany's most powerful man.

Douglas A. McIntyre


Filed under: 24/7 Wall St. Wire, Currency, Economy, International Markets
Read Full Story

Markets

DJIA 26,144.48 82.36 0.32%
NASDAQ 7,958.54 62.74 0.79%
NIKKEI 225 23,420.54 325.87 1.41%
HANG SENG 27,084.66 151.81 0.56%
DAX 12,123.27 26.86 0.22%
USD (per EUR) 1.17 0.00 0.26%
USD (per CHF) 0.96 0.00 -0.08%
JPY (per USD) 112.30 0.62 0.56%
GBP (per USD) 1.32 0.00 0.07%