Traders react at their desks as President of German Constitutional Court Vosskuhle pronounces judgement on ESM at the Frankfurt stock exchange

 
Traders react at their desks as President of German Constitutional Court Vosskuhle pronounces judgement on ESM at the Frankfurt stock exchange
Traders react at their desks as the President of the German Constitutional Court (Bundesverfassungsgericht )Andreas Vosskuhle pronounces a judgement on the European Stability Mechanism (ESM) and fiscal pact, in front of the DAX board at the Frankfurt stock exchange September 12, 2012. Germany's Constitutional Court said on Wednesday the country can ratify the euro zone's new rescue fund and budget pact as long it can guarantee there will be no increase in German financial exposure to the bailout fund without parliament's approval. Ruling that an injunction against the ESM and fiscal compact was largely unfounded, the court said one condition for allowing ratification was that any increase in German liability beyond 190 billion euros must first be approved by the Bundestag lower house of parliament. REUTERS/Alex Domanski