Germany’s Constitutional Court sees no reason to delay a ruling scheduled for Sept. 12 on the legality of the euro zone’s permanent bailout fund and a separate pact on budget discipline.
On Monday, a group of German academics said it was seeking to delay the hotly anticipated ruling by the country’s top court on whether the European Stability Mechanism (ESM) and the so-called fiscal compact violate German law.
“Delaying the date of the verdict is currently not indicated,” a spokeswoman for the court said.
Europolis, a group led by German academic Markus Kerber, said the Karlsruhe-based court should make no decision until the European Court of Justice has ruled on a similar case brought by an Irish member of parliament.
via Bloomberg
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Latest posts by Alfonso Esparza (see all)
- Market Rally Still Going Low Holiday Volumes Awaiting Start of 2020 - 27 December 2019
- Market Awaits China Retaliation on Trade - 29 November 2019
- Alibaba to Close Order Book Ahead of Huge IPO - 18 November 2019