German court approves new European bailout fund

The euro zone cleared a key hurdle towards resolving its debt crisis Wednesday as Germany’s top court approved a new European firewall for ratification, with some minor conditions.

In a landmark ruling watched around the world, the Constitutional Court overturned a raft of legal challenges aimed at preventing President Joachim Gauck from signing two crucial crisis-fighting tools into law.

via Business feed http://www.scmp.com/business/economy/article/1034965/german-court-approves-new-european-bailout-fund