German Constitutional Court Will Not Delay Its Ruling

There was some worry that late challenges to whether Germany can legally help fund the bailout of many of its neighbors would slow a decision about its constitutionality of such actions. But Germany's Constitutional Court said it would not delay its ruling. According to Reuters:

The court said it would go ahead with Wednesday's ruling on the legality of the European Stability Mechanism (ESM) and the fiscal compact for budget discipline, whose implementation has been delayed for months by the German judges.

The Constitutional Court issued a brief statement saying the ruling at 10 a.m. (0800 GMT) on Wednesday "will go ahead as scheduled", meaning conservative lawmaker Peter Gauweiler's last-minute challenge would not cause further delays.

Douglas A. McIntyre


Filed under: 24/7 Wall St. Wire, Economy, International Markets, Law
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