Illegal pressure from politicians and financial markets to German Federal Constitutional Court, which just checks the admissibility of the ESM
In Germany, the Federal Constitutional Court is examining whether the European Stability Mechanism (ESM) is a step in the right direction, said the today the liberal member of the European Parliament, Andreas Mölzer. "After all, the ESM means a significant loss of national sovereignty, which is why it should be at least reviewed by an organ of justice, if not voted on by the people" said Mölzer.
However, after the Federal Constitutional Court hearing yesterday, the German high court is being subjected to a lot of pressure by entities from both the political and financial sectors. "For the judges to reach the final decision it might take up to three months, the German Finance Minister has a lot of pressure due to the nervousness of the markets. This is unworthy of a constitutional state, like Germany" criticized Mölzer.
The rule of law and democracy have absolute priority over the the international financial markets, said the liberal MEP. "The international financial industry, which is responsible in large for the current crisis should keep its place, instead of trying to stifle democracy and the rule of law. This pressure from politicians and entities from the financial market must be stopped"concluded Mölzer.
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