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Old 2011-12-22, 16:57   Link #18609
Senior Member
Join Date: Dec 2008
Originally Posted by Jinto View Post
I think there is only one reason (and Merkel knows it perfectly well) why this is never going to happen when Germany is part of the Euro zone. Our constitutional court would make such decissions void in an unilateral way... with all the consequences (Germany's exit from the Euro(zone)).
I'd bet that the court will not be a hindrance. In the past it has always allowed such things, with only small conditions. The Euro implementation itself has been allowed by it, with pointing out that the "no bail-out clause" satisfies the constitution. Now it has allowed bail-outs. In the end it will always allow transferring power.
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