AFP-Despite pledging to pay millions of pounds in extra tax in Britain, Starbucks faces a battle to restore its reputation...
Gigantic balloon creature splits opinion in AustraliaAFP - A gigantic whale-like balloon with pendulous udder-like appendages, designed to mark the centenary of Australia's...Read More...
Picasso, Duchamp in first ever face-off in StockholmRead More...
AFP- Stockholm's Museum of Modern Art is pitting Pablo Picasso and Marcel Duchamp, two of the 20th century's...
Italy experts find 100 drawings by young Caravaggio: reportRead More...
AFP- Italian art experts have discovered around 100 drawings and some paintings by the young Renaissance master Caravaggio...
J.K. Rowling puts magic in PlayStation interactive bookAFP-Harry Potter author J.K. Rowling is putting the magic in a "Book of Spells" that uses augmented reality to make...Read More...
Yo-Yo Ma and Paul Simon win 2012 Polar Music PrizeRead More...
AFP-Acclaimed Chinese-American cellist Yo-Yo Ma and "world-class songwriter" Paul Simon, also of the United States,...
Rock analysis suggests France cave art is 'oldest'Read More...
(AFP) Experts have long debated whether the sophisticated animal drawings in a famous French cave are indeed the...
|Germany's Schaeuble confident of go-ahead for eurozone pacts|
|Monday, 03 September 2012 22:55|
AFP- Germany's Finance Minister Wolfgang Schaeuble said Monday he was confident the country's top court will not block the signing into law of the eurozone's key crisis-fighting tools.
"The constitutional court will not block, I am sure, the treaties of the fiscal compact and the ESM," he said, referring to the European Stability Mechanism and the European fiscal pact. The ruling is due on September 12.
Speaking at a conference in Strasbourg, the minister said the court will however closely examine if these treaties conform to basic German law.
"I can't see any problem with the German constitution," he added.
The German parliament voted in favour of the European Stability Mechanism (ESM) and the European fiscal pact with a two-thirds majority at the end of June.
But German President Joachim Gauck held off from completing the ratification process following a raft of legal challenges filed by the far-left Die Linke party, a citizens' initiative group and a well-known eurosceptic from Chancellor Angela Merkel's CSU Bavarian sister party.
They argued that the ESM -- the EU's permanent 500-billion-euro ($627-billion) rescue fund -- and the fiscal pact were incompatible with Germany's "Grundgesetz" or Basic Law because they are effectively forcing Germany to surrender its budgetary sovereignty without the necessary democratic backing (photo by Junge Union Hessen).
They argue that by committing Europe's biggest economy and already its effective paymaster to the ESM, parliament was exposing Germany's public finances to unlimited risks should more eurozone countries topple under the debt crisis.