EU court rules Eurozone rescue fund is legal
- Published: 27 Nov 2012 at 17.47
- Online news: World
The EU's highest court ruled on Tuesday that the European Stability Mechanism, the permanent euro rescue fund created to try and prevent repeats of the Greek debt crisis, does not breach EU treaties.
The European Court of Justice in Luxembourg.Europe's highest court ruled Tuesday that the European Stability Mechanism, the permanent euro rescue fund created to try and prevent repeats of the Greek debt crisis, does not breach EU treaties.
In a ruling read out to cameras at the European Court of Justice, a challenge brought by Irish lawmaker Kevin Pringle to the 500-billion-euro fund was deemed invalid.
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