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German constitutional court injunction decision on ESM and the potential referendum

What is the injunction procedure of the German constitutional court exactly about. What are the arguments of the Anti-ESM and the Pro-ESM fractions ?

Extracts from

Bundesbank president Weidmann seems to strongly against any bailout.

See the German public opinion.

























The injunction procedure at the court will takes till September 12. Here the German blog on the court decision (unfortunately Google Translate has some issues). Here the open letter of the leading German economists to stop the ESM and commonly issued bonds and an answer of some other economists in favor of the ESM.

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George Dorgan
George Dorgan (penname) predicted the end of the EUR/CHF peg at the CFA Society and at many occasions on and on this blog. Several Swiss and international financial advisors support the site. These firms aim to deliver independent advice from the often misleading mainstream of banks and asset managers. George is FinTech entrepreneur, financial author and alternative economist. He speak seven languages fluently.
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