Friday, June 29, 2012 - 15:43

Germany's Bundestag Approves ESM, Fiscal Compact Bills

BERLIN (MNI) - Germany's lower house of parliament, the Bundestag, Friday approved with a large majority the bills on the European permanent bailout fund ESM and the EU fiscal compact.

The bills reached the two-thirds majority necessary for ratification. All parliamentary groups voted for the bills, with only the post-communist Left party voting against.

Later this evening, the upper house, the Bundesrat, representing the 16 states, will vote on the bills. A broad majority is assured there as well.

Yet it likely will still take several weeks before the bills become law. President Joachim Gauck said last week he planned to delay signing the bills.

The Constitutional Court had asked him to wait until it had decided on requests for preliminary injunctions that have been filed against the two bills, Gauck said.

--MNI Berlin bureau: +49-30-22 62 05 80; email:

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