Claims of citizens to prohibit the establishment of ESM - European Stabilization Mechanism rejected by the Federal Court of Germany. According to the decree, Germany can take part in the rescue of the euro zone only with the approval of the lower parliamentary chamber for loans amounting to more than 190 billion euros. ECM also oblige any decisions to inform legislators.
According to the verdict of the Court of Germany to ratify the EU budget pact that involves the application of sanctions against countries that do not comply with budgetary discipline. The pact was signed by all EU countries except the UK and the Czech Republic.
Nearly 37,000 Germans joined the lawsuit against the state's participation in the ECM. Most extensive in the history of the Federal Court the matter was on the number of claimants. So According to local media. Those citizens who have filed a lawsuit, consider that EU authorities have too much power, in connection with which restrict the rights of the state government. Moreover, there was concern about the destruction of the country.
Another law on July 1 ECM was to come into force. And, while both sides of parliament approved the document, the president did not sign it until the decision of the court.
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