ECB Debt plan: 'No delay' from German court

Sep 11, 2012

Germany’s constitutional court says it will not delay ruling on legality of ECB’s plan to end debt crisis

Germany's Constitutional Court said this morning it will NOT delay its decision - due tomorrow - on whether the European Central Bank's debt plan is legal under Garman law, according to The Daily Telegraph. Earlier the paper had reported that the court might delay its decision following the request of a member of Angela Merkel's ruling party for time to assess the impact of the scheme. Another problem, however, refuses to go away: Greek prime minister Antonis Samaras has failed to secure the approval of coalition partners for the €11.5bn (£9.2bn) programme of cuts needed to qualify for the next bailout instalment.

For further concise, balanced comment and analysis on the week's news, try The Week magazine. Subscribe today and get 6 issues completely free.
Business Digest