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German EFSF Oversight Parliamentary Bailout Committee May Be Unconstitutional

A new parliamentary panel being set up in Germany to provide speedy approval of future rescue measures by the euro rescue fund may be in breach of constitutional rules. A study commissioned by the opposition suggests the committee will not provide the kind of say for politicians in multibillion-euro bailouts demanded by the country's highest court.
German Chancellor Angela Merkel during the parliamentary vote on the expansion of the euro bailout fund on Sept. 29.

German Chancellor Angela Merkel during the parliamentary vote on the expansion of the euro bailout fund on Sept. 29.

DPA
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