Bloomberg News

Former German Chief Judge Sees Court Approving ESM, Wiwo Reports

July 15, 2012

Roman Herzog, a former president of Germany’s supreme court, predicted that plaintiffs will fail to block the start of the euro area’s permanent financial rescue fund, Wirtschaftswoche reported, citing an interview.

Herzog, asked about lawsuits before the constitutional court aimed at blocking German ratification of the European Stability Mechanism, said Germany has transferred elements of national sovereignty to the European Union in the past and this case isn’t different, the magazine quoted him as saying.

The German constitution allows the government to take high risks in an emergency, Herzog was quoted as saying.

Herzog was president, or chief judge, of the Federal Constitutional Court between 1987 and 1994. He held the largely ceremonial post of German president between 1994 and 1999.

To contact the reporter on this story: Tony Czuczka in Berlin at aczuczka@bloomberg.net

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


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