News In Brief

Ticker

German court sticks to Wednesday deadline on bailout fund

11.09.12 @ 09:34

  1. By EUOBSERVER

The German Constitutional Court Tuesday dismissed a last-minute complaint asking it to delay its Wednesday ruling on the permanent bailout fund (ESM). The ESM should have been operational in July, but Germany delayed its ratification pending the court's verdict. EU officials expect the fund to be launched in October.