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ESM to Pass High Court Test, Schaeuble Tells Bild am Sonntag

September 09, 2012

German Finance Minister Wolfgang Schaeuble sees Germany’s highest court dismissing a challenge to the European Stability Mechanism, or ESM, when it rules on Sept. 12, Schaeuble said in an interview with Bild am Sonntag.

The constitutionality of the ESM was “thoroughly” probed at its inception, the newspaper cited Schaeuble as saying. The Federal Constitutional Court has never seen the course of European integration as being unconstitutional, Schaueble said in the interview.

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