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9/14/12

The fate of the European Union's in this guy's hand



MAKE MONEY BLOG $ ~ Brussels - Angela Merkel is probably the most powerful woman in Europe, but this week the chancellor's plans to rescue the European Union is in the hands of Andreas Vosskuhle. Who is he?


He was a judge of the Supreme Court, also known as the most powerful man in Germany. In a decision with global ramifications, the Supreme Court is expected to pass the European Union's bailout fund and budget pact on Wednesday.

Although most legal experts expect the Supreme Court still has other requirements to demonstrate that the control of the budget parlemenlah Germany.

After all, the court is examining whether to postpone the long-awaited verdict on Monday afternoon following the new legal challenge. Conservative lawmakers Merkel threw her new complaint to the court.

The decision on this issue will be followed up on Tuesday, said a spokesman for the court as reported by CNBC (9/11/2012). Legal experts say it is unlikely to prevent a vote to be brought forward to Wednesday.

Decisions are scheduled for Wednesday that will test the authority of the court and Vosskuhle, chairman of the youngest ever in the history of German MA. The man was 48-year-old pragmatist must balance the weight of the theoretical questions real-world consequences unusually large on the issue.

"The pressure is heavy, he knows it. But for him, it's part of the job that he has to deal with the very serious, "said one colleague. He also added that the pragmatic openness Vosskuhle a capital good for him to reconcile the views of any competitive of the eight judges 'equivalent diva' who takes care of this case.

The principle that parliament has the ultimate authority is fundamental to the constitution of post-Nazi Germany designed to ensure that never again deny democratic rights. Courts have repeatedly calling Vosskuhle Merkel government to explain whether the EU treaty violates these rules or not.

But also realize Vosskuhle bet the politicians who desperately want to keep the tools they believe are needed to fight the debt crisis. Also betting the financial markets will certainly panic if euro emergency funding blocked.

Survey shows Germans believe the judges will take the right decision. Legal experts predict that the court will allow Merkel to pass policies while setting limits for the future.

The court must determine whether the government could put Germany into the European Stability Mechanism fund intended to provide funding for the state bailout of weaker euro zone and the fiscal pact gives Belgian authorities about the deficit.

Vosskuhle has indicated that Merkel had sought as much as possible about what can be done without any historical changes in the constitution.

In a media interview last year, said the flexibility Vosskuhle Germany to replace the power in the institutions of the European Union in Brussels seems mostly gone.
source: detik.com


(Ang / ang)

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