If successful, the German Supreme Court could derail the indispensable rescue plan for the fragile Euro. Given that the German ratification of the European Stability Mechanism is essential (Germany contributes roughly 30% to the bailout fund) Berlin, Brussels and the rest of Europe are in a state of tense anticipation of the Court's decision. Chancellor Merkel and her ministers appear to be convinced that Gauweiler will fail with his emergency petition. Yet Germany's Constitutional Court is known for its independent and at times surprising rulings. And the public mood in Germany has turned against the bailout plan for the Euro in recent months. If Germany's commitment to the European Stability Mechanism were ruled unconstitutional, the rescue of the Euro would be in deep (fatal?) trouble.
Dr. Oliver Schmidtke is director of the Center for Global Studies at the University of Victoria where he also holds the Jean Monnet Chair in European History and Politics. He is specialized in comparative European politics and European integration. Dr. Oliver Schmidtke is part of a cross-Canada network of experts working on European policy issues, the Strategic Knowledge Cluster Canada-Europe Transatlantic Dialogue .