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The ESM and fiscal treaty have been the subject of six complaints (Photo: jgieseking)

German court set to delay bailout fund decision

The tension between the need for quick eurozone reform and the necessities of democratic scrutiny took a further twist on Tuesday (10 July) when Germany's highest court indicated it may delay a decision on the permanent bailout fund.

A ruling on whether to grant an injunction against the fund - the European Stability Mechanism (ESM) - and the fiscal treaty had been expected within three weeks but now may not be taken until autumn.

During Tuesday's hearing, constitutional court Pre...

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The ESM and fiscal treaty have been the subject of six complaints (Photo: jgieseking)

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