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NEW YORK ( TheStreet) -- With Germany's constitutional court expected to rule Wednesday on whether that country can legally participate in the latest European bailout efforts through the European Stability Mechanism, Jim Cramer laid out the best- and worst-case scenarios to Debra Borchardt at TheStreet.com Tuesday.
Cramer said in the worst-case scenario, the court says "no" to the current plan and the country is forced to use other facilities to get around the ruling. That news may send the markets sharply lower, he said, which would be a buying opportunity as the Germans seem committed to finding a way to help.
But Cramer said the German courts have a sense of where the momentum is heading and he doesn't expect a worst-case ruling. A positive ruling would also be good news, he said, as it would allow the Currency Shares Euro Trust (FXE) to rise even higher.Watch the full Cramer interview