Estonia happy for Germany to keep ESM in check

Estonia's Supreme Court dismissed a complaint brought by the Estonian Chancellor of Justice Indrek Teder against the ESM euro bailout fund on Thursday, leaving the Estonian parliament free to ratify the ESM and fiscal compact. The conservative daily Postimees is relieved because it was against the Estonian parliament blocking the ESM: "For us it would be better if Germany, the Netherlands and Finland assumed parliamentary control of the ESM. Because the interests of these countries jointly cover our own, and in this area their competence exceeds ours. Estonia blocking the ESM would at best be self-delusion because Estonian policies are decided at the party headquarters. A negative decision from the country's Supreme Court would have set a dangerous precedent. The court would have become a major instance in European policy, similar to Karlsruhe in Germany, whereby in Germany the Constitutional Court has proven itself as a balancing factor."

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