“On Sept. 12, the German Constitutional Court will rule on lawsuits seeking to prevent the government from participating in the new bailout fund with its €700 billion firewall. Some 37,000 Germans have joined the complaint, making it the largest such case in the history of the court. The EFSF head has decided to proceed as though everything were going according to plan, choosing to ignore the lawsuits and the looming verdict and hiring new staff to expand the workforce from 57 to 75 employees by the end of the year and establishing a new website. A new logo has already been created. Klaus Regling will continue to make over €300,000 a year.”
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