BUSINESS

Top German court strengthens Parliament's rights on European financial crisis decisions

06/19/2012 05:20 EDT | Updated 08/19/2012 05:12 EDT
BERLIN - Germany's highest court has strengthened Parliament's rights in the European financial crisis, ruling that the government failed to inform lawmakers early enough about details of the eurozone's planned permanent rescue fund.

The Federal constitutional Court on Tuesday upheld a complaint by the opposition Green party, which said Parliament was not informed early enough about the details of the European Security Mechanism. Party leaders say they obtained details from their sister party in Austria.

The decision has no bearing on the future of the ESM itself, on which Parliament is expected to vote next week. But the court made clear that in future Parliament must be in a position to have "early and effective influence" on government decisions.

The ruling is the latest of several which have strengthened Parliamentary rights.