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The court in Karlsruhe may delay the planned bail-out fund calendar (Photo: Al Fed)

Germany to delay eurozone bail-out fund

The 9 July start for the eurozone's €500bn strong bail-out fund is set to be delayed by a few weeks as Germany waits for a ruling by its highest court.

German President Joachim Gauck on Thursday (21 June) said he would accept a request by the Constitutional Court to postpone the signature of the legal acts needed for the European Stability Mechanism to come into force, pending a ruling on their constitutionality.

Earlier that day, the German government reached an agreement with th...

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The court in Karlsruhe may delay the planned bail-out fund calendar (Photo: Al Fed)

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