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A GERMAN high court has begun hearing legal challenges to the state’s participation in the EU-backed bailout funds for Ireland, Greece and Portugal.
Germany is the largest single contributor to the EU’s emergency assistance fund.
The judge presiding over the hearing said today that the court’s role was not to review the economic aspect of the bailouts, Bloomberg reports. That was the job of politicians, but the court must consider the constitution’s limits on politicians, Judge Andreas Vosskuhle said.
The court is hearing arguments in three cases challenging Germany’s involvement in Greece’s €110 billion rescue package as well as the wider EU assistance fund. Opponents to the state’s participation claim that the bailouts breached both German and EU law.
Reuters reports that while the court, which is the highest constitutional court in Germany, is unlikely to fully block the country’s participation in the bailout funds, it could set conditions for providing further aid within the eurozone.
Defending the government, Finance Minister Wolfgang Schaeuble said that Germany took part in the Greek bailout last year because action was needed to avert the risk to financial stability across Europe.
- Additional reporting by the AP
Give over stop worrying about cyber attacks and threats on the national security and all that hse crap. Now we have more cycle lanes. What’s not to love!! Eamonn Ryan ye legend.
Was the name ever released of the big company that was hit by the ransomware hack ever released and the sum they paid?
I thought a private company was brought in to do the clean up
The defence forces could have retained the personnel that they lost through stupidity on their own behalf in not granting these personnel with an extra €20 in tech pay which they were value for money so the same were head hunted by private companies.
@Noel O’Neill: €20 a week. You think people are leaving over €20 a week?
A CIS technician can be on as low as 40k in the DF, while their counterparts in private sector are getting 80k plus.
€20 a week…. That gave me a giggle….
It only takes one rogue machine to bring a whole network down. As long as the antvirus software is kept continuously up to date, systems shouldn’t be compromised.
@Mike Dunne: Seriously you think anti virus works like that. It is a game of cat and mouse.
You cant have an antivirus program that stops a virus it does not know. Hence the updates.
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