Relevant:
- In euro-friendly Germany, the skeptics are a sideshow
- Germany Prepares to Exit Euro as Sovereign Debt Crisis Grows
- Germany amassing huge surpluses -- and huge risks (EU TARGET-2 IMBALANCES SWELLING AGAIN!)
- Budget Deficits Soar Out of Control in Eurozone, Germany, US, UK, Japan; Yen's Last Hurrah
- Time to end Europe's disgrace of holding Greek people hostage
2013-06-12 — testosteronepit.com
Plaintiffs fear that the ECB's strategy would shuffle potentially huge losses onto the federal budget via Germany's share of the ECB's capital key, currently 27%. But if the crisis-struck countries were to become insolvent and exit the Eurozone, their portion of the losses would be redistributed over the remaining countries, and Germany's exposure could rise to 43%. German taxpayers would need a lot of beer -- or wine, in some regions -- to wash that down. And it all could happen beyond any democratic processes and without parliamentary controls, in violation of the German constitution.
While the Court can't tell the ECB what to do, it could prohibit the Bundesbank from participating in these programs, which would accelerate by a quantum leap the euro's demise -- or cause Germany to come up with a new constitution.''
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