‘Standard & Poor’s Ratings Services said today that the delay by the Federal Republic of Germany (unsolicited ratings AAA/Stable/A-1+) in ratifying the European Stability Mechanism (ESM) has no immediate rating implications for sovereigns in the European Economic and Monetary Union (EMU or eurozone).
The ruling coalition and the main opposition parties have been able to agree on a pact for sustainable growth and employment. This therefore established the necessary two-thirds majority required for parliamentary ratification of the ESM, expected on June 29, 2012. However, Federal President Joachim Gauck is reportedly withholding his signature until the Federal Constitutional Court in Karlsruhe has given its opinion on whether the ESM is compatible with the German constitution
full article at source: http://hat4uk.wordpress.com/2012/06/22/esm-referral-does-sp-have-a-mole-inside-the-karlsruhe-court/
Angela Merkel, the Chancellor of Germany (Photo credit: Wikipedia)
The Karlsruhe judges today found that the center-right coalition government led by Chancellor Angela Merkel had breached the rights of the German parliament by failing to sufficiently inform lawmakers during negotiations towards the creation of the permanent euro rescue fund, the European Stability Mechanism (ESM).
This decision is “a further important building block in a series of decisions by the Constitutional Court that strengthen parliamentary responsibility in the context of European integration,” the president of the court, Andreas Vosskuhle, said.
But is it? If – like the case for a Weimar ruling against Nazi violence in 1931* – it is simply ignored, then what good is Karslruhe?
The decision follows another that the court handed down in February, in which it struck down a plan to create a committee of just nine members of the Bundestag
full article at source: http://hat4uk.wordpress.com/2012/06/19/breaking-german-supreme-court-rules-against-merkel-on-esm-will-she-now-recognise-the-rule-of-law/
The Fall of the Berlin Wall, 1989. The photo shows a part of a public photo documentation wall at Former Check Point Charlie, Berlin. The photo documentation is permanently placed in the public. Türkçe: Berlin Duvarı, 1989 sonbaharı (Photo credit: Wikipedia)
By The SlogI spent a weekend of glorious sunshine rediscovering places I don’t visit very often, and speaking at length with Germans. One of them pointed me at a book by the former Money Programme presenter Alan Watson, called simply The Germans. Written during the year or two following German reunification, it displays all the optimism of that time.
Correctly predicting that a united Germany would become the powerhouse of Europe, the book nevertheless makes not a single mention of monetary union – or even the idea of it. 1992 is only twenty years ago, and we’ve had the accursed euro for ten of those. So it just goes to show how quickly the egomaniacs got it onto the EU’s agenda – and how hastily the entire potty scheme was put together.
But the most significant thing in the book is the reverence the author pays to the German Constitution, and the Basic Law as enshrined in, and protected by, the Karlsruhe Court. No Party or Leader would dare question Karlsruhe, he opined, or try to change anything fundamental in the Constitution. The days of politicians ignoring the law or changing it on a whim were gone forever. Clearly, the one thing Watson didn’t expect was that a former DDR apparatchik would be Chancellor before another fifteen years were out -and the most powerful politician in Europe. An Osti who, in her adolescence, had been a hardline Communist Youth Organiser in charge of propaganda.
full article at source:http://hat4uk.wordpress.com/2012/03/26/analysis-merkels-search-for-a-europe-of-multicultural-germans-is-more-dangerous-than-anything-since-the-anschluss/