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German court keeps markets in suspense over EU bailout fund

Thursday, July 12, 2012 - 01:18

July 12 - Germany's constitutional court agrees to look into complaints about Europe's new ESM rescue fund, but sets no date for its ruling

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Eight red -- German judges now hold the key to whether the Euro or lives or dies. Germany's top levels constitutional court is looking into complaints against the EU's new bailout fund the ESM. And the fiscal pact which binds countries more tightly together. It's going to including rebels from Johnson that I know the medical center right coalition. -- the stability mechanism undermines German sovereignty. And overstepped the limits on a -- in Europe the 700 billion Euro ESM can't come into force without the approval of its campaign must news. Any lengthy delay is likely to further unsettle investors. The unit fell sharply as the constitutional court began its proceedings. That in fact it's -- remains confident that both the ESM and the fiscal pact. Are in line with Japanese constitution. The best selling tabloid built once the court to take its time at some more short term market turbulence it says. The Gemini being bankrupted by the enormous cost of Europe's rescue fund the judges aren't saying when they'll give that rulings. But the finance minister Wolfgang -- Matt is counting on the court to deliver a resounding -- Davidson -- what is.

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German court keeps markets in suspense over EU bailout fund

Thursday, July 12, 2012 - 01:18