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EU court rejects complaint against bailout fund

27.11.12 @ 10:36

  1. By EUOBSERVER

The European Court of Justice Tuesday rejected a complaint by Irish MP Thomas Pringle against the permanent eurozone bailout fund (ESM). Pringle had argued that the ESM violates the EU's no-bailout clause, but the court ruled it is legal and can continue. The €500bn fund was launched on 9 October.

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