Economy/Business News Alert

Top German court paves way for euro zone rescue fund

Germany's high court on Wednesday rejected calls to block Europe's permanent rescue fund, paving the way in a much-anticipated ruling for its ratification by the country's president.

The taxpayer-backed fund is crucial to the eurozone's debt crisis resolution efforts because it can loan money to governments that can't borrow otherwise, and markets had been nervously awaiting the ruling.

Read more at:
http://www.washingtonpost.com/business/constitutional-court-expected-to-give-ok-for-new-rescue-fund-a-no-could-roil-markets/2012/09/12/558486be-fc97-11e1-98c6-ec0a0a93f8eb_story.html

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