People thought it was up to Angela Merkel whether the EU would continue. Now the German Constitutional Court has decided that it’s up to Parliament. Not the full Parliament as it turns out, but the Budget Committee. From now on all decisions about bailouts must be OK’ed by them before the Chancellor can agree to them.

This lessens Angela Merkels perceived leadership role in the EU. But doesn’t lessen it to the point that putting decisions about bailouts to a full Parliament vote would. It clearly signals that a large block of the electorate in Germany disapproves of the Greek bailout and improving the EU bailout fund to aid them. They don’t want to write a blank check to Balkan countries.