German Court Rules In Favor Of EU Bailout Fund

by Renee Montagne, NPR

Germany's high court on Wednesday rejected calls to block Europe's permanent bailout fund. The Netherlands is also having elections, and unhappiness over the bailout is likely to be a factor in the results. Also, the European Commission released its plan for a banking union. It's quite a big undertaking to try to bring all of Europe's financial institutions under a single regulatory umbrella.

Broadcast Dates

• Morning Edition, September 12, 2012