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March 18, 2014 Andreas Vosskuhle, president of Germany’s Constitutional Court (Bundesverfassungsgericht) puts his hat back on after explaining the verdict on the European Stability Mechanism (ESM) at the court in Karlsruhe, in southwest Germany. The Constitutional Court on Tuesday confirmed the legality of the euro zone’s bailout fund, upholding a preliminary ruling from the height of the 2012 debt crisis that gave an initial green light to the ESM. The court in Karlsruhe reiterated that the 700-billion-euro ($975 billion) fund did not violate the rights of the Bundestag to decide on budgetary matters as long as the lower house of parliament had sufficient oversight powers over the ESM. Kai Pfaffenbach/Reuters Buy Photo