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German court backs euro rescue fund

Reuters reportsGermany's Constitutional Court gave a green light on Wednesday for the country to ratify the euro zone's new rescue fund and budget pact but gave parliament veto powers over any future increases in the size of the fund.

The eagerly anticipated verdict by the court in Karlsruhe, southern Germany, boosted global stocks and the euro currency as investors breathed a sigh of relief that the euro zone's rescue fund could take effect after months of delay. Read the full story.

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