The conditional approval of the ESM’s rules by Karlsruhe judges limits the secrecy of bailout agreements, in the name of the citizens’ right to be informed. It comes after 37.000 Germans signed the petitions against unlimited funding to ESM by Germany.
The Court’s decision orders the two Chambers of the German Parliament be fully informed about any agreement’s detail. The decision has been taken to contrast the professional secrecy allowed by Article 34 of the ESM Treaty to the ESM governors.
After this decision, the German Parliament will be in the position to publish the full details of bailout agreements and so indirectly inform all European citizens about such important matters.
Read this article by Corriere della Sera.