Germany's top court on Wednesday (12 September) will rule on whether the upcoming eurozone bailout fund (ESM) and a treaty on fiscal discipline comply with the German constitution.
A No is unlikely, but extra safeguards for the Bundestag are to be expected.
A record of 37,000 plaintiffs have teamed up against the European Stability Mechanism, a €500-billion-strong fund which had been due to come into force in July but was postponed pending the German Constitutional Court ruling. ...
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