BERLIN (MNI) – The German Finance Ministry said Wednesday that it
remains unclear if Eurozone finance ministers will decide on Spain’s
request for banking sector aid at their next monthly meeting on July 9.

Finance Ministry spokesman Martin Kotthaus said at a regular
government press conference here that a decision could only come once
the report on Spain by the troika – the European Commission, the ECB and
the IMF – had been finalized.

“Up to now I’ve had no indication whether we will be able to decide
already on July 9,” Kotthaus said.

Government spokesman Georg Streiter said at the same press
conference that Chancellor Angela Merkel and Horst Seehofer, the leader
of her junior coalition partner CSU, were working well together. Reports
that Seehofer had threatened to break up the coalition over future aid
measures for ailing Eurozone states are wrong, he said.

Streiter also said the government expects a quick decision by the
country’s Constitutional Court on whether it will grant an injunction
against the ratification of Europe’s permanent bailout fund, the
European Stability Mechanism.

Both houses of German parliament approved the ESM bill with a
two-thirds majority on Friday. The court has announced it will conduct
oral proceedings on the case July 10.

–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com

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