![Court rules Europe rescue fund within law Court rules Europe rescue fund within law](https://www.cer.eu/sites/default/files/styles/spotlight/public/images/spotlight/in_the_press/2012/justice_sl-1354093654.jpg?itok=7nKNIyXj)
Court rules Europe rescue fund within law
"The ruling is critically important because it is the first time the European Court of Justice has intervened in the eurozone crisis," said Hugo Brady from the CER. "The court has clarified that eurozone creations such as the ESM and other bailout funds are not an EU fiscal system by the backdoor."