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Breakingviews: Germany ESM vote

Wednesday, September 12, 2012 - 04:55

Sept. 12 - The Constitutional Court's conditional approval for Berlin taking part in the ESM doesn't alter Germany's euro equation, says Reuters Breakingviews.

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What is breaking news violent act conditionally approves the new ESM. But that was so Japanese Europe equation and dozens of much really according to two breaking news. -- white China's -- -- prince -- is a mystery not crisis with me is Chris used. The the markets like this that this this court ruling but admittedly don't solve the underlying crisis. -- what it what it does is it prevents this going into an even was crisis the crisis but that's -- -- -- not just for mental defect in the us so poorer we're all gonna die but we've avoided being well hit by that there. There was there was the real possibilities. The the that the year's prices could of taken a terrible us. Dominant now of course the expectation. Was always it's the group -- which is that to them if -- -- participation. And the euros in bailout fund. Has been sanctioned. With some conditions that that was what was the broad consensus but that was the risk when it created favorable for. However -- fortunate of the markets. Happy but they shouldn't be -- -- because we're still left -- You're breaking news guys that sent a blizzard who probably -- -- -- -- you do. -- -- -- Prohibit both folks that thought this. Also the really important things about about it's an amusement parks commission it. Germany is still so -- fixated on false parity. It's. Cure for the current process. There's still tremendous. Reluctance. Within the German electorate. So what so what -- Florida next. What are you -- down well. But he left. Quit when not a candidate you grew up time when the Labor Department because they're clearly book what -- dragging is done in terms of signaling to. Markets. To. In -- Coming up again if you aren't -- is saying that we. Do not panic means. The European Central Park and that -- -- that was certainly anyway. When yields come in. You know it. Did buyout funds from getting the expense which they -- may not be what was what was fish in them or is seeing. We seeing -- it coal permits and issue is from the peripheral countries come pockets of the market. And sell bonds and in reasonable thought I'd say. It is so things are actually see the pretty well and entertaining. In Spain look at -- various talking about talking prize from the taking by money saved it. It's it's it's coming -- it's -- people aren't. This China story apps and prince and his as a mr. not a crisis course energies and strategy -- -- -- has -- -- well I'm I. Usually it's not a crisis. Why we -- is. The individual doesn't matter. Cole -- it's just less than you might think who the them the markets. Thought the worry if it's the the uncertainties surround. And quite rightly we've been coming to the noticing it seems seems they really they need a lesson and and I expect we'll talk show and what. Saying heroes of the era of the this was strongman. Leader in Florida. But those kind of pulse. So. But one shouldn't get too obsessed about. It is one individual on both that a -- history and it. This kind of thing that's happened the whole. You know we have seen sort of the crown princes of the possible. It disappear. You have to have for weeks and then suddenly. -- yes I think somebody is this marked as this this this economy where you. We're not we have a lot more focused on competition -- that -- -- -- -- it -- in -- although long viewed this is our fees that -- to -- For excellence. Personal. It's and and and given the dynamics of that the -- these -- theory that. This one is fixating on this this this this this this one. President to -- saying it is probably four favorite foods. Rocket arm and that we are definitely units who knows when an American reported awfully all right Chris thanks for us to do for that com that site -- -- your watch. Our US breaking you share that comes on. At 1230. East and 1730. GMT every day I'm axle problems as -- --

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Breakingviews: Germany ESM vote

Wednesday, September 12, 2012 - 04:55