Monday, August 13, 2012

New Lawsuit Filed Against ESM Threatens Further Bailout Fund Delay


 Just as we were complaining about lack of newsflow, here comes Germany, coincidentally just as Merkel comes back from vacation, with an update from Karlsruhe that the Constitutional court, which may reject the ESM as is in its September 12th decision, will likely be delayed even more following the filing of a brand new lawsuit challenging the constitutionality of the ESM.

http://www.zerohedge.com/news/new-lawsuit-filed-against-esm-threatens-further-bailout-fund-delay

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