Fekter: “Relieved to have a clear Judgement”

Politics ♦ Published: September 12, 2012; 18:21 ♦ (Vindobona)

Austrian Finance Minister Maria Fekter delighted at decision on ESM by German constitutional judges.

Fekter: “Relieved to have a clear Judgement” / Picture: © Wikipedia / World Economic Forum (Heinz Tesarek)

“I am pleased that the judgment by the constitutional judges in Karlsruhe over the launch of the European rescue umbrella, the ESM, has been so emphatic”, declared Fekter. “And Austria's liability is also capped at € 19 billion. For any increase in the ESM's authorized capital and amount called upon, the consent of the Austrian National Assembly is required”, clarified the…