Bailout Fund Euro Zone Changing ESM to Satisfy German Court

The final hurdle may now have been cleared for the implementation of the European Stability Mechanism, the permanent euro bailout fund. Euro-zone member states appear to have reached an agreement on a legally binding statement that addresses the conditions stipulated by Germany's highest court before the ESM Treaty can be ratified.
The European Parliament building in Brussels: Euro-zone member states have agreed to a declaration that will allow the permanent bailout fund to start its work soon.

The European Parliament building in Brussels: Euro-zone member states have agreed to a declaration that will allow the permanent bailout fund to start its work soon.

Foto: GEORGES GOBET/ AFP