In Germany, the Netherlands, France, a day many feared turns into a great one for the EU
Posted September 12, 2012 3:41 pm.
This article is more than 5 years old.
THE HAGUE, Netherlands – It was Super Wednesday — a day dreaded by many in the European Union not so long ago.
By nightfall though, a sigh of relief settled across much of the continent. From ornately dressed judges in Germany to Dutch voters biking to polling stations and nervous traders on the stock floors, much went the way European Union leaders were hoping.
Early in the day, perhaps the biggest decision of all came from the constitutional court in Germany, which had to rule on that country’s participation in a €500 billion ($640 billion) bailout fund, underpinning efforts to contain the debt crisis. Rule against it and financial chaos beckoned. A staunchly independent institution, the Federal constitutional Court still went with the government and the rescue program.
