German top court sees no reason to delay ESM ruling

KARLSRUHE Aug 14 (Reuters) - Germany's Constitutional Court sees no reason to delay a ruling scheduled for Sept. 12 on the legality of the euro zone's permanent bailout fund and a separate pact on budget discipline.

On Monday, a group of German academics said it was seeking to delay the hotly anticipated ruling by the country's top court on whether the European Stability Mechanism (ESM) and the so-called fiscal compact violate German law.

"Delaying the date of the verdict is currently not indicated," a spokeswoman for the court said.