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German opponents challenge budget pact, euro fund

German opponents challenge budget pact, euro fund

Opponents of Europe's new budget-discipline pact and the eurozone's permanent rescue fund are asking Germany's highest court to issue injunctions blocking the plans.
Germany's Parliament approved both the so-called fiscal compact _ a cherished project of Chancellor Angela Merkel _ and the (EURO)500 billion ($623 billion) European Stability Mechanism by a wide majority Friday.
Various opponents applied Saturday to the Federal Constitutional Court for injunctions blocking the plans while judges consider whether they're in line with German law. A decision could take a few weeks.
Plaintiffs include the hard-left opposition Left Party _ the only party to oppose the plans in Parliament _ and Peter Gauweiler, one of a few lawmakers in Merkel's center-right coalition who has consistently rejected bailouts. He challenged previous rescue plans.


Updated : 2021-05-11 15:11 GMT+08:00