Crucial decision for the future of the EU: Germany's Constitutional Court authorized the euro rescue mechanism

German Constitutional Court approved the administration Wednesday to adopt the Berlin of the latest Eurozone rescue mechanisms: European Stability Mechanism (ESM) and the Treaty on Stability Coordination and Governance (TSCG) in the Economic and Monetary Union, informs AFP .
Moreover, judges have set a limit Germany's financial involvement in setting up the ESM. According to the German Constitutional Court, the funds provided by Germany not to exceed 190 billion euros. A change in the amount can not be done without the approval of the German parliament, said the Supreme Court in Karlsruhe.
German President Joachim Gauck received such permission to sign documents which regulates European Stability Mechanism and Stability Treaty in the Economic and Monetary Union adopted by the German Parliament in late June.
"The second room of the Federal Constitutional Court rejected the amendment which stipulated that a ratification of the ESM can not be envisaged unless there are safeguards in conformity with international law," said Court.
Thus, the government in Berlin has permission to participate in government emergency fund of 500 billion euros of euro area countries.

German Constutionala Court has previously rejected a last attempt to delay its decision on the permanent bailout fund euro area. This decision means that the long-awaited decision of the Court of ratification European Stability Mechanism will be made on Wednesday as it was originally intended, reports Der Spiegel.
Another obstacle in the way European leaders to counter eurozone crisis was overcome. Germany's Constitutional Court has rejected a new petition, belonging to Peter Gauweiler, a member of the German parliament. Court discussed the petition of Gauweiler in the afternoon on Monday and announced its decision earlier Tuesday.
The decision means that on Wednesday, the Court will anuta long awaited decision on the European Stability Mechanism (ESM), the permanent eurozone rescue, as was originally planned.
Gauweiler, a member of the conservative party Christian Social Union (CSU), tried to postpone decision on ESM Court requesting it to hold another meeting. He argued in the petition that the announcement last week by the European Central Bank, which said it would buy unlimited amounts of government bonds of euro area Member States in difficulty, increase the financial risk to taxpayers.
He also said the ECB's operations are not subject to any parliamentary control.
This, says Gauweiler, "has created an entirely new situation" which the Court must take into account when considering the original petitions against ESM and Fiscal Pact.
"Almost all the discussions that have taken place so far are invalid," he said.
MSE Gauweiler wanted ratification of the Constitutional Court will be postponed until the ECB will reverse its decision to purchase sovereign bonds. He argued that, if necessary, the Court should stay its proceedings scheduled for September 12 relief fund.

MES has a total value of 500 billion euros, as Germany contribute to this fund by 27% from Germany ratification is essential.
Additionally verdict on the ESM, the Constitutional Court must also rule on the new fiscal treaty, adopted in a bid to force euro area governments to adopt stricter budget discipline.
Possibility of postponing the decision of the Court has created uncertainty in Berlin and Brussels. MSE is an essential element in addressing European leaders on fighting the eurozone crisis and was originally envisaged that it will be operational from 1 July and another delay could disrupt financial markets.
However, most of the politicians in Berlin, including Chancellor Angela Merkel believes Wednesday's decision will be in favor of ratification Court MSE.