• 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

"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)

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
Frankfurt court lifts national Uber ban
Uber manager for Germany Fabien Nestmann leaves the Frankfurt court on Tuesday. Photo: DPA

Frankfurt court lifts national Uber ban

App-based chauffeur car service Uber is no longer illegal in Germany, a Frankfurt court ruled on Tuesday afternoon. READ  

Chef admits Düsseldorf killing spree
Yanquing in court in Düsseldorf on Tuesday. Photo: DPA

Chef admits Düsseldorf killing spree

A gunman who killed three people in Düsseldorf and injured four others in a shooting spree at two lawyers’ offices admitted his guilt on Tuesday. READ  

Man dies six days after chemical blast
The plant was destroyed in the explosion. Photo: DPA

Man dies six days after chemical blast

An engineer who was called to fix a defect at a chemical waste plant which then exploded has died of his injuries – six days after the huge blast near Bremen. READ  

German universities tumble in global rankings
Students at Heidelberg University. Photo: DPA

German universities tumble in global rankings

Three-quarters of German universities have fallen in global standings in the last year, with just one institution among the top 50 in the world, according to rankings released on Tuesday. READ  

Germany prepares to send drones to Ukraine
A Luna drone belonging to the German military. Photo: DPA

Germany prepares to send drones to Ukraine

German unmanned drones could soon be flying over eastern Ukraine to keep an eye on pro-Russian rebel troop movements. READ  

'Why I'm camping for six days outside Apple store'
Photo: The Local

'Why I'm camping for six days outside Apple store'

Most holidaymakers on a week-long camping trip pitch up by lakes or next to the beach. But two Berliners are hoping to break a record by settling in for six days outside the city's Apple Store to be the first to get their hands on new iPhone 6. READ  

Netflix launches in Germany (in English too)
Some of the cast of Orange is the New Black at a photocall in Mexico. Photo: DPA

Netflix launches in Germany (in English too)

UPDATE: TV streaming service Netflix opened its virtual doors in Germany on Tuesday in the face of stiff competition from existing players. Users will be able to watch hit shows and movies in English on the German service. READ  

Auschwitz guard charged over 300,000 deaths
The gates at the former concentration camp of Auschwitz. Photo: DPA

Auschwitz guard charged over 300,000 deaths

A 93-year old man from Lower Saxony will stand trial for 300,000 counts of accessory to murder at the Auschwitz death camp while a member of the Waffen-SS. READ  

Germany can't crack 'CIA double agent' laptop
Photo: DPA

Germany can't crack 'CIA double agent' laptop

An alleged CIA double agent secured his laptop so well that German secret services have failed to crack it since he was arrested in July, according to reports. READ  

Lufthansa pilots abandon Frankfurt strike plans
Ready to go again. Photo: DPA

Lufthansa pilots abandon Frankfurt strike plans

UPDATE: Pilots' union Cockpit has announced that a planned strike at Frankfurt Airport on Tuesday has been called off. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Marks & Spencer
Sponsored Article
Fashion Ladies of the Local: Win a New Autumn Look
Photo: DPA
Politics
These men want to be the next mayor of Berlin
Photo: Shutterstock
Business & Money
The three types of firms hiring foreigners
Photo: DPA
National
Neo-Nazis are attacking newspaper offices
Photo: DPA
Gallery
Election night in Brandenburg and Thuringia
Photo: DPA
Berlin
Berlin spy station sees tourism boom
Photo: DPA/ESA
Tech
VIDEO: How one German astronaut sees Earth
Photo: DPA
Berlin
Frisky couple shock Berlin commuters
Photo: DPA
Politics
Are Germans right to want cooler relations with USA?
Photo: Bayernpartei/DPA
Politics
Why some Bavarians want a Scottish 'Yes'
Photo: DPA
Gallery
12 things to do in Berlin for less than a latte
Photo: Facebook
National
Bavarian waiter breaks beer-carrying record
Sponsored Article
Bilingual education from nursery to graduation at Phorms
Photo: DPA
Business & Money
JobTalk: All you need to know about working in Germany
National
Share news tips with The Local Germany
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

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

3,281
jobs available
Toytown Germany
Germany's English-speaking crowd