Euro Critic’s Complaint May Delay ESM Ruling, Handelsblatt Says

A group of German plaintiffs led by the “euro critic” Markus Kerber has filed a complaint with the Karlsruhe-based Constitutional Court that may delay its ruling on the euro region’s permanent financial backstop, the Handelsblatt newspaper said, without saying where it got the information.

The plaintiffs say that the German court must await a ruling by the Luxembourg-based European Court of Justice, a higher court that has received a similar complaint by an Irish lawmaker, the newspaper said. That would make it unlikely that the schedule for the envisaged Sept. 12 ruling in Germany can be kept, the newspaper said.

No one was immediately available for comment at the Constitutional Court in Karlsruhe when contacted by telephone today.

To contact the reporter on this story: Rainer Buergin in Berlin at rbuergin1@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net

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