
Custom T-Shirts: Last-Minute Gifts They'll Actually Love
Section: Arts
The "Bundesverfassungsgericht" rejected the complaints against the European Stability Mechanism (ESM). The ESM can now be ratified, but conditions for the approval were also given, including a requirement for parliamentary approval of any increase in the current agreed German contribution of 190 billion euros.
The court also made clear that it was not their responsibility to decide about the practicality and usefulness of the ESM. According to the president of the "Bundesverfassungssgericht", Andreas Voßkuhle, this remains the responsibility of the politicians. The court did, however, formally rule whether the ESM would weaken the fiscal right of the Bundestag.
However, even some days after the court´s decision, the debate (pro or con ESM) goes on. Since the court had to decide about the question, if parliament is engaged in a constitutional way, the political question was not touched. Most petitioners were actually against ESM in general and see economic disadvantages for Germany in the ESM. Inflation is especially seen as very negative in Germany, since in the 20th century Germans lost their money twice, once after WW I and again after WW II. Hyperinflation in 1923 (the price for one US dollar went up from 4,20 Marks in 1914 to 420,000,000,000, Marks in 1923) became part of the common awareness even for the generations to follow.
Price stability became a main goal for the Bundesbank (German Central Bank) after WW II and this concept was meant to transfer in the euro and the European Central Bank (ECB). Therefore Draghi´s decision to buy government bonds from countries with high deficits and risk more inflation is strongly criticised in Germany. German government might even go to the European Court to stop this action by the ECB.
Section: Arts
Section: Arts
Section: Business
Section: Business
Section: Arts
Section: Health
Section: Arts
Section: News
Section: News
Section: Arts
Health Insurance in Germany is compulsory and sometimes complicated, not to mention expensive. As an expat, you are required to navigate this landscape within weeks of arriving, so check our FAQ on PKV. For our guide on resources and access to agents who can give you a competitive quote, try our PKV Cost comparison tool.
Germany is famous for its medical expertise and extensive number of hospitals and clinics. See this comprehensive directory of hospitals and clinics across the country, complete with links to their websites, addresses, contact info, and specializations/services.
One of the most beautiful squares transforms into a summer stage every year for two days. The Gärtnerplatz Open-Air features a free music and cultural program across three stages, as well as street food from local vendors. On Saturday, the main stage at Gärtnerplatz offers something for everyone,...
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