Green light for rescue fund


KARLSRUHE: Germany's Constitu-tional Court gave a green light yesterday for the country to ratify the eurozone's new bailout fund and budget pact, but insisted the German parliament have veto powers over any future increases in the size of the fund.

The eagerly-awaited verdict boosted global stocks and the euro currency as investors breathed a sigh of relief that the eurozone's rescue fund for nations in crisis could soon take effect after months of delay.

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