UPI en Español  |   UPI Asia  |   About UPI  |   My Account
Search:
Go

Eurozone rescue endangered

|
 
Published: Sept. 10, 2012 at 12:02 PM

KARLSRUHE, Germany, Sept. 10 (UPI) -- Market analysts in Europe are saying there will be two close calls this week on potential eurozone rescue plan derailments.

In Germany this week, a constitutional court in Karlsruhe could rule it is against the law for the government to contribute to the eurozone rescue fund.

The New York Times reported Monday many believe the court will not block Germany from participation in the fund. However, if it did, it would be disastrous for the fund in which Germany is slated to be the largest contributor.

In recent weeks, German Chancellor Angela Merkel has softened her tone in speaking of Greek efforts to comply with terms of their international bailout loan, naming the goal of keeping Greece in the eurozone a top priority.

Germany's clout, however, could be undermined by voters in the Netherlands who could throw their support behind anti-eurozone politicians in an election this week.

"We believe that a coalition of euro supportive parties is the most likely outcome, but it is a close call," said analysts at Credit Suisse in a research note, referring to the vote on Wednesday, the same day a ruling on the constitutionality of eurozone funding is expected in Germany.

Topics: Angela Merkel
Recommended Stories
© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
Join the conversation
Most Popular Collections
'Star Trek Into Darkness' screening NBC upfronts Met Ball 2013
'Great Gatsby' premieres in New York Spire raised on top of One WTC 2013: Celebrity break ups and divorces
Additional Business News Stories
1 of 16
Tornadoes Devastate Moore, Oklahoma
View Caption
A damaged movie theater is seen in aftermath of a series of tornadoes in Moore, Oklahoma, May 21, 2013. On May 20 a series of tornadoes swept through severals towns south of Oklahoma City leaving a path of destruction and killing at least 24 people. UPI/J.P. Wilson
fark
Couple flees Wal-Mart with $37 printer, almost runs over cop in parking lot, flees across city flinging...
Washington Post: Sure, Oklahoma, you had some pretty bad tornadoes. But we've got tornado problems,...
Just another normal morning in a Tampa newsroom. And then Hulk Hogan shows up and wants to do the...
Teenager taken to court for hacking in to a friends computer and taking her savings. FARK: Her virtual...
Atuk zug zug, caca Lana
Lawsuit trolls aren't just for technology apparently. Some poor little brewery in Kentucky is being...