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German president's signature gives green light to ESM | News | DW.DE | 27.09.2012

The German president has signed legislation approving the country's participation in the eurozone's permanent financial bailout fund. He had delayed signing the bill due to legal challenges to the legislation.

President Joachim Gauck signed into law the German parliament's ratification of the European Stability Mechanism on Thursday. This removes the final hurdle to the implementation of the eurozone's permanent bailout fund.

The president's office said in a statement that Gauck had "signed the documents with which the treaty ... setting up the European Stability Mechanism (ESM) is ratified."

by In Wales (inwales aaat eurotrib.com) on Thu Sep 27th, 2012 at 04:10:40 PM EST
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