BERLIN, June 21 Germany's constitutional court
said on Thursday it will need time to study the euro zone's
permanent bailout mechanism after its expected approval in the
German parliament next Friday, which could delay its scheduled
start date on July 1.
Angela Merkel's government and the centre-left opposition
reached a deal on economic growth measures on Thursday which
should enable parliament to ratify Merkel's fiscal pact and the
European Stability Mechanism (ESM) on June 29.
The ESM cannot come into effect without ratification by
Germany, the biggest economy in the euro zone. But a spokeswoman
for the top court said the ESM is so complex it expects head of
state Joachim Gauck to delay his signature of the text approved
by parliament until the court has had time to study it.