Schaeuble Leaves Open Lawmaker Role in ESM, Die Welt Says

German Finance Minister Wolfgang Schaeuble’s draft legislation for the European Stability Mechanism doesn’t specify the role of parliament in the fund’s operations, Die Welt newspaper reported, citing the draft.

In a letter attached to the paper, Schaeuble states that this function of parliament in the ESM remains open and that a Feb. 28 constitutional court decision on participation will bear on the role, the newspaper said. The draft also makes no reference to the size of the fund, Die Welt said.

To contact the reporter on this story: Brian Parkin in Berlin at bparkin@bloomberg.net

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