Lunedì, 22 Ottobre 2018
ROME

Italian premier says ESM approval 'great news'

English
© ANSA

(ANSA) - Rome, September 12 - Italian Premier Mario Monti
reacted positively to the German Constitutional Court's approval
of the European bailout mechanism (ESM) and fiscal compact on
Wednesday, saying that it is "good, great news".
The court's decision "removes the last hurdle" for the ESM
activation and will not "impede market stability," said Monti.
The Italian premier added that questions raised about the
ECB possibly overstepping its mark "should be handled by the EU,
not the German courts".
The much-awaited decision by the German Constitutional
Court on the ESM gave a conditional yes, limiting bailouts to
190 billion euros, the court said Wednesday.
Also on Wednesday, the European Commission formally
approved plans for the European Central Bank (ECB) to have the
power to monitor all 6,000 European credit institutions.

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