Euro Bailout Hinges on German High Court Decision
Hold the presses! One legal decision could stop everything.
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.