• Germany edition
 
The Local's media roundup
'The yes is as weak as the but'
Photo: DPA

'The yes is as weak as the but'

Published: 13 Sep 2012 10:34 GMT+02:00
Updated: 13 Sep 2012 10:34 GMT+02:00

While the world drew a breath after the German Constitutional Court okayed the European Stability Mechanism on Wednesday, The Local's media roundup shows the German press questioning if the judgement solved anything.

"With its broad rejection of the urgent suits against the ESM and the European Fiscal Compact, the Constitutional Court has practically given the German government a free hand to continue its course on saving the euro," wrote Ludwig Greven in Die Zeit weekly newspaper.

But there are caveats. The government cannot extend Germany's guarantee limit of €190 billion without the express permission of parliament, and must keep parliament informed of any bailout loans to debt-stricken eurozone countries.

This meets one of the central demands of the court petitioners, who included the Bavarian conservative Peter Gauweiler, the socialist Left party, plus a campaign of some 37,000 Germans.

And Greven spotted an undercurrent of criticism in the court's judgement. "From the verdict one can glean that the judges have a few doubts whether the draft of the ESM treaty sticks to its own principles on one or two points," he said. But crucially, he said, the judges made clear that deciding this was up to the government.

Heribert Prantl of the left-leaning Süddeutsche Zeitung daily was more cutting. "The Karlsruhe verdict on the ESM and the Fiscal Compact dodges the most important questions," he wrote. "It's another 'yes-but' judgement. But this time the yes is just as weak as the but."

Prantl said the court's attempt to limit Germany's financial backing for the euro rescue would not succeed. "The Karlsruhe verdict does not get Europe any further, it does not get Germany any further, and it does not get democracy further either," he wrote.

The conservative Die Welt said the judgement only opened the door to further lawsuits. "[Court President Andreas Voßkuhle] admitted that the Constitutional Court is just groping around in the same fog we're all groping around in," wrote Thomas Schmid.

"The court has to pretend that it moves exclusively in the realm of the law, and not in actual reality," he added. "That's why it could not comment on the fact that the European Central Bank decided to buy unlimited government bonds just six days before the verdict."

Essentially, wrote Schmid, the court was admitting that "it was just another player in the European game, and not the most powerful one."

Reinhard Müller, of the Frankfurter Allgemeine Zeitung daily, also thought the court clearly took it as "an affront" that the ECB announced its government bonds scheme shortly before the ruling was announced.

"The central bank is independent, but it is not above the law," he wrote. "It cannot be dependent on any government, but it is not a government itself. This is where the court shut up shop - before deciding on the main thing - the ECB's programme."

"What is clear, and here we can see the 'strong signal' of this verdict - Germany cannot allow itself to be pushed around. Berlin has to take one step at a time, under Karlsruhe's watch."

The Local/bk

The Local (news@thelocal.de)

Don't miss...X
Left Right

Your comments about this article

15:05 September 13, 2012 by smart2012
It is so funny to see how much fuzz has been made and it is ongoing about something already agreed in may, just to keep supporting German uber alles thinking. Btw, do u know that club med Italy will put 126 billion in the ESM fund??? Just to remind Bild readers...
16:50 September 13, 2012 by sonriete
@smart2012;

True club med Italy will put 126 billion into ESM, every cent of it borrowed from the ECB for higher interest rates than the ESM will turn around and lend it back to them. It gets better and better.
18:02 September 13, 2012 by smart2012
and club med france will put 143 billion... also the same? So two club med France + Italy (143+126=269 billion) are actually putting more money than germany in ESM.... please say it to the bild readers... and whatever the money comes, most are paid by French and Italian tax payers oder?
20:39 September 13, 2012 by schneebeck
Germany is one country.

You can't just combine a couple countries to make your figures look better. That is deceiving propaganda, just like what the Bild does.

France, as one country is not contributing more than the one country of Germany.

Italy, as one country is not contributing more than the one country of Germany.

Germany contributes 190 million to the ESM.

German population 82 million contributes 190 billion Euros.

France population 66 million contributes 143 billion Euros.

Italy population 61 million contributes 125 billion Euros.

Per capita, Germany contributes the most, but not by much.

But I don't think Germany will ever need funding from the ESM, but I do think France and Italy will.
20:59 September 13, 2012 by sonriete
The fact is since everyone is in deficit all the countries taxpayers are not forking over a cent, it is all being put on the tab for future generations.

The Germans will pay much lower interest rates for this experiment because the markets have far more faith that the Germans will keep their promises.

It is worth noting that the Germans still have a lower debt to GDP than the French, even thought the Germans paid the enormous cost of re unification on their own, being net payers to the Brussels purse the entire time.

The French ran up greater debts by having their successive governments of both right and left treat their people to Government funded luxuries Germans can only dream of.

Take a look at the Hollande budget proposals, the claim that they will keep their promises and also get their national deficit under 3% per annum within the next 50 years are laughable.

They are simply licking their chops waiting for their Eurobond treats to keep the party going.
23:17 September 13, 2012 by smart2012
Guys, stop with escuses and if and maybe and perhaps. French and Italian are paying the same amount as germans. This should be a headline in bild ... Never...
Today's headlines
Munich to get 'Tetris cube' hotel
Photo: Nieto Sobejano Architects, Berlin

Munich to get 'Tetris cube' hotel

Munich's old city centre is to receive an ultra modern addition to its skyline in the shape of a new hotel dubbed 'the Tetris cube'. READ () »

The Local List
German beer culture in 11 gulps
Photo: DPA

German beer culture in 11 gulps

Wednesday marks the 498th anniversary of Germany's celebrated beer purity law, so in honour of nearly half a millennium of hoppy history, this week's Local List tells some beer truths you may not know. READ () »

Feminist's apartment advert goes viral
Photo: Screenshot/Facebook

Feminist's apartment advert goes viral

Finding accommodation in Berlin is notoriously tricky. But one woman on the hunt might have a particularly hard time of it, with an advert for an apartment so absurd it has gone viral. READ () »

Russian spies step up activity in Germany
The Russian embassy building in Berlin. Photo: DPA

Russian spies step up activity in Germany

Russian spies are increasingly targeting potential informants in German politics and business by taking them out to dinner, according to counterintelligence services. READ () »

Jobless benefits to get leaner and meaner
Photo: DPA

Jobless benefits to get leaner and meaner

The German government is planning a shake-up of the country’s unemployment benefit system, Hartz IV, by introducing stricter rules on claimants in a move which supporters say will cut bureaucracy. READ () »

Germany's oldest woman dies aged 112
Gertrud Henze. Photo: DPA

Germany's oldest woman dies aged 112

Germany’s oldest woman died at the age of 112 on Tuesday. Gertrud Henze was born on December 8th 1901 and joked her long life was down to never getting married. READ () »

Exchange student 'murderer' stays silent
Police search the area near where Gabriele's body was found in October 2013. Photo: DPA

Exchange student 'murderer' stays silent

The alleged murderer of an exchange student in southern Germany stayed silent in the dock on Tuesday on the first day of his trial. READ () »

European Elections 2014
'If Britain goes, Europe is lost'
Hans-Olaf Henkel (r) celebrates the one-year anniversary of the AfD with leader Bernd Lücke. Photo: DPA

'If Britain goes, Europe is lost'

In an interview with The Local, one of the leaders of Germany's eurosceptic party talks about Europe's future, why Britain is a model country and why he will not work with UKIP's Nigel Farage. READ () »

Girls find live munition in Easter bonfire
Nane, with her father and a picture of the cartridge-laden wood. Photo: DPA

Girls find live munition in Easter bonfire

Two 12-year-old German girls found live ammunition lodged into a branch in an Easter bonfire. It was due to be lit the next day, potentially igniting the cartridges and causing disaster. READ () »

Opinion
'Fracking won't save Germany from Putin'
Photo: DPA

'Fracking won't save Germany from Putin'

Germany's reliance on Russian gas continues to limit the nation's diplomatic leverage in the Ukraine crisis. But as leaders once again explore fracking as an alternative, critics told The Local the risks were too high. READ () »

RECEIVE OUR NEWSLETTER AND ALERTS
Photo: DPA
National
Let us start work later after World Cup nights, unions says
Photo: DPA
Society
Crystal meth use hits record level
Photo: DPA
Rhineland
Elderly man taped €200,000 to his genitals
Photo: DPA
Business & Money
What's the unemployment rate in your area of Germany?
Photo: DPA
Gallery
Nine ways to celebrate Easter like a German
Photo: Galerie Bilderwelt
Gallery
World War I in colour photos
Photo: DPA
Society
JobTalk: Why you should teach English in Germany
Photo: DPA
National
330,000 sign up against TV licence fee
Photo: DPA
Hamburg
School kids hospitalized after 'porno' party
Photo: Submitted
Frankfurt
'I'll get even with my old pal Schwarzenegger'
Photo: DPA
Gallery
Ten great inventions you (probably) didn't know were German
Photo: J. Arthur White
Berlin
Clashes in Berlin as refugees tear down their own camp
Advertisement:
Photo: DPA
Gallery
Munich's baby polar bears are finally named
Photo: DPA
Gallery
The 10 best German employers to work for
CurrencyFair
Sponsored Article
Why it pays to avoid banks when making overseas transfers
Mr. Lodge
Sponsored Article
How to find a furnished rental in Munich
Sponsored Article
How to make a lasting impression in business
Hult International Business School
Sponsored Article
What they don't teach you at Business School
Photo: DPA
Society
Nine jobs you can only do in Germany
Photo: DPA
Business & Money
JobTalk: All you need to know about working in Germany
Photo: DPA
Features
The Local List Archive - Your guide to all things German
National
Share news tips with The Local Germany
Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

Latest news from The Local in Sweden

More news from Sweden at thelocal.se

3,051
jobs available
Toytown Germany
Germany's English-speaking crowd