"Paradox and Balance: AIG, Germany, and the European Stability Mechanism," ABA Section of International Law Europe Update October 2012

James J. Wrynn and Aaron J. Aisen, attorneys in Goldberg Segalla’s Global Insurance Services Practice Group, authored this article for the American Bar Association Section of International Law Europe Update, which examines the September 2012 decision by Germany’s Constitutional Court to permit the country to ratify the European Stability Mechanism (ESM), a permanent bailout fund designed to provide financial assistance to Eurozone members.

The article looks at the ESM and the Constitutional Court’s decision in comparison with the assistance the U.S. government provided for AIG, which began to wind down the day before as the government starting selling its holdings in the company.

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