Germany Court: First Ruling On ESM, Fiscal Compact On Sept 12

BERLIN (MNI) – Germany’s Constitutional Court announced Monday that
it would deliver on September 12 a ruling on whether it will grant an
injunction against Europe’s planned permanent bailout fund ESM and the
EU fiscal compact.

German President Joachim Gauck has said he will not sign the laws
on the ESM and the fiscal compact until the court has ruled on the
injunction.

Eurogroup chairman Jean-Claude Juncker said in a newspaper
interview published Sunday he did not expect that the court will block
the ESM.

Juncker told German weekly Der Spiegel that constitutional
questions had also been raised in other Eurozone countries: “In Estonia
the rescue fund was examined by the highest court and was confirmed.
Therefore, I do not expect the judges in Karlsruhe to block it.”

–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com

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