Research (Proinvestory.cz)
Markets  |  September 11, 2012 10:59:39

Event crucial for survival eurozone is at the door


Germany and due to his position with him and the entire European Union is close to key events in our media silence up the path. What is it? The date when the German Constitutional Court, which hears compliance with the European Stability Mechanism German Constitution, to announce his decision - namely, on Wednesday 12 September.

Number of investors envisages the granting of European Stability Mechanism and the decision of the court perceives as more or less a formality. But this need not be.

Germany is a country and germinating   his behavior will decide the fate of the eurozone . Markets are considering the possibility that the court brushed European Stability Mechanism under the table? Virtually all, equity and other markets, however, such things do not count at all.The impacts of a possible refusal to markets at close Massacre - I mean drop the euro and European stock markets. Without German contribution is because any European rescue package toothless. The eurozone would suddenly just stood at the edge of the abyss, but would still leaning over her. This scenario can not be excluded, but it does not seem as likely.

As more likely than straight rejection seems to me prior approval accompanied by strict conditions. The Constitutional Court may set the conditions under which Germany will be able to participate in the European stabilization mechanism, or similar activities.Even this statement may hit markets, the impact on them will depend on the set conditions.

How does it happen? I guess prior approval accompanied by strict conditions and   Germany working on alternative scenarios .

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