Legal Loopholes Critics Question Merkel's Fiscal Pact Proposal

It's German Chancellor Angela Merkel's pet project -- a new European Union fiscal pact to ensure members' budgetary discipline through stricter controls. But European legal experts have doubts about its viability, while critics say there are more important issues at hand.
The European Court of Justice in Luxembourg has a controversial role in the fiscal pact.

The European Court of Justice in Luxembourg has a controversial role in the fiscal pact.

Foto: Court of Justice of the European