EUR crosses

German constitutional court may delay verdict.

This breaking news could have some short-term bearish effect on the EUR.

The BBC is reporting that the German constitutional court in Karlsruhe may have to delay it’s decision on the legality of contributions to the ESM bailout fund due to a challenge from a German Bundestag member.

Recent polls of German legal experts are overwhelmingly of the opinion that the court will approve the bailout albeit with some minor conditions.

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