- Allows ratification of ESM/fiscal pact under certain conditions
- Germany must ensure German liability to ESM does not exceed 190 bln euros without approval of lower house of parliament (this had been expected)
- Both houses of parliament must be informed about ESM decisions
- Rejects complaint against ECB bond buys
Conditions not that onerous.
EUR/USD rallies to session high 1.2902.
No surprises in that little lot.
