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Germany (Reuters) - Bailouts of Europe's debt-stricken countries face a legal challenge on Tuesday as Germany's top court begins hearing a lawsuit against German contributions to the rescues of Greece,beats solo hd headphonesIreland and Portugal. The Karlsruhe-based Constitutional Court is not likely to block the German government's participation in bailouts altogether, or force the government to withdraw its commitments to current rescue plans, legal experts say. But most experts, including government sources, say they expect the court to impose conditions making it harder for the government to provide fresh aid. For example, parliament's lower house may be given a bigger say in approving future bailouts. "For the first time in economic history, a currency is going on trial," Joachim Starbatty, one of the plaintiffs and an academic who has strongly criticized the introduction of the euro, said in Monday's Berliner Morgenpost newspaper. The court will hear cases brought by six euroskeptic plaintiffs including Peter Gauweiler, a lawmaker from the Christian Social Union, the Bavarian sister party to Chancellor Angela Merkel's conservatives. They argue that the bailouts violate property rights and other protections in the German and European constitutions, and break the European Union's 'no-bailout clause', which says neither the EU nor member beats solo hd headphonesstates should take on governments' liabilities. Together with the International Monetary Fund, the EU has since last year approved bailout packages for Greece, Ireland and Portugal totaling 273 billion euros ($395 billion). A second bailout of Greece is under discussion after the first turned out to be insufficient. In a sign of how seriously the German government is taking the lawsuit, Finance Minister Wolfgang Schaeuble is to attend Tuesday's court session, which starts at 0800 GMT (4 a.m. EDT). The first hearing will be closely watched asbeats solo headphones experts have in the past been able to gauge the outcome of cases from the kinds of questions the judges asked early on. It is not known how long the court will take to reach a verdict. TOKYO (Reuters) - Tokyo Stock Exchange has proposed a tender offer for Osaka Securities Exchange Co <8697.OS>, Japan's Asahi newspaper reported on Tuesday, as the two bourses proceed in merger talks aimed at surviving a wave of industry consolidation. The plan by the Tokyo exchange, the world's fourth largest bourse in terms of trading volume, includes buying all OSE shares to make it a wholly owned subsidiary, the paper said. The Jasdaq-listed OSE is set to reject the scheme, however, the report also said, suggesting a rocky road ahead for the ongoing merger talks between the country's biggest and second largest exchanges. A TSE spokeswoman said that nothing had been decided on the issue, while an OSE spokesman said he was not aware of what had been reported by the Asahi. They both declined to confirm merger talks. A source told Reuters in March that the TSEbeats solo headphones would begin talks with its smaller domestic rival on a possible tie-up amid a flurry of mergers and alliances among global exchanges. But media reports have said that the merger talks are facing difficulties as both exchanges want to take the lead in negotiations. The president of the OSE told Reuters last month that merger talks with the TSE beyond June would be difficult if the Tokyo bourse insisted on listing its shares before agreeing to combine operations. Shares of OSE climbed 8 percent to 390,000 yen, giving it a market value of about 100 billion yen ($1.23 billion). The Jasdaq index <.JSD> was unchanged. ATHENS (Reuters) - Greece will stave off default not only for its own sake but because its survival is vital for the euro zone and the global economy, Greek Finance Minister Evangelos Venizelos told Reuters on Monday. With help from its EU partners and fresh determination, the debt-ridden euro zone member will regain its fiscal sovereignty as soon as possible monster beats lamborghiniand aims to return to markets in the middle of 2014, as expected, the minister said. "We will make it, because this is vital not only for Greece but for the stability of the whole euro zone and the global economy, because in Greece the stamina of the financial system is being tested," he told Reuters in the second part of an interview. Appointed in a June 17 reshuffle and speaking after euro zone finance ministers approved on Saturday a critical, fifth tranche of a bailout loan to avert default, Venizelos said he was grateful to EU partners and vowed to fulfill his obligations. He said he would redouble efforts to raise 1.7 billion euros ($2.5 billion) in privatizations by September, as agreed with the EU and the IMF who pulled Greece back from the brink of bankruptcy with a 110 billion-euro bailout a year ago. Greece must deliver 50 billion euros in proceeds from a massive and complicated state selloff by 2015, including 5 billion this year. So far, in 18 months in office, the socialists have yet to launch any privatizations. Amid the worst recession in nearly 40 years, good news for the economy comes from the tourism sector, which makes up about 15 percent of GDP. Revenues are seen rising by about 10 percent this year after a 25 percent slump in 2009-2010, Venizelos said. "The data we have so far from the Tourism Ministry monster beats lamborghiniand the Bank of Greece are encouraging that it will be a good year. Revenues will rise by about 10 percent," he said. A tough political veteran who has held several portfolios and prepared the 2004 Olympics, Venizelos took in his stride comments by Eurogroup chief Jean-Claude Juncker that Greece's sovereignty must be severely limited during the bailout program. "Mr. Juncker is a great Philhellene (friend of Greece)," Venizelos said. "He doubtless wants to always help Greece and the euro zone overcome its problems and, primarily, to avoid systemic dangers. "There is no doubt we have very tough fiscal limitations and we must restore our fiscal sovereignty as soon as possible through the successful implementation of our program," he added. FOREIGN INSPECTORS Venizelos denied suggestions foreign inspectors would be placed in ministries to check progress. "There will be no inspectors," he said. "We can all resort to the knowhow and expertise of the EU and other member states. monster beats red soxThis does not mean inspectors will be posted or that responsibilities will be removed from the Greek parliament, the Greek government or the Greek public administration." Venizelos said selloffs and the reform of the tax system were among his top priorities and that he would lay out a detailed plan to fight chronic tax evasion and improve tax collection, which has fallen behind target, next week. Greece has 20 days from Saturday to set up a privatization body and Venizelos said he would unveil its board to fellow Eurogroup ministers on July 11. "I will announce this after I complete discussions with the opposition on the 2-3 key people, because we need the widest possible consensus," he said. The conservative opposition has opposed the bailout, drawing criticism from EU officials, but says it agrees with some parts of the privatization plan, raising hope some political consensus can be reached. International lenders are working on a plan to provide Greece with an additional 110 billion euros to avoid default which could hitmonster beats red sox European banks and other lenders. Asked about a warning by the S&P rating agency that banks' plans to roll over Greek debt could be seen as default, which drove down the euro on Monday, Venizelos said it was crucial that any model included the strictly voluntary participation of private lenders. "As markets are strict and merciless, we want the format thatbeats studio kobe bryantresults from the next program to have a shape that is accepted by markets and they react positively," he said.