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German Top Court Schedules Hearing in Euro Bailout Suits

June 9 (Bloomberg) -- Germany’s top constitutional court scheduled a hearing on suits against the nation’s participation in the euro-area rescue fund and the aid package for Greece.

The Federal Constitutional Court in Karlsruhe will hear oral arguments in three cases over the issue on July 5, the court said in an e-mailed statement today. The cases were brought by a group of academics and lawmaker Peter Gauweiler.

“In this lead case, the court for the first time decides in the main proceedings on constitutional questions relating to the Greece aid and the Euro-rescue package,” the court said. “There are many additional cases pending over the issues which will be ruled on subsequently.”

The German high court has drawn criticism for not acting on the suits swiftly on the suits, which were filed in the first half of 2010. The judges declined to issue emergency orders blocking the aid package for Greece in May 2010 and the euro-area rescue fund in June 2010 and didn’t schedule a hearing on the main legal questions in the cases until today.

The court’s agenda for the hearing includes as many admissibility issues as substantive law questions, indicating that the court is considering whether the case can be dismissed for procedural reasons. The court normally takes a few months after a hearing before it issues a ruling.

The cases are BVerfG, 2 BvR 987/10, 2 BvR 1099/10 and 2 BvR 1485/10.

To contact the editor responsible for this story: Karin Matussek at kmatussek@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net

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