Even as Wall Street celebrates the European Central Bank’s latest crisis measures, the ability of the besieged eurozone to avoid a painful breakup could actually be decided next week by a handful of judges in Karlsruhe, Germany.
That’s because the German Constitutional Court is slated to rule on September 12 on the legality of the European Stability Mechanism, the $631 billion bailout fund at the heart of the rescue unveiled on Thursday.
Source: Fox Business News. Read full article. (link)