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2012-07-18 — www.spiegel.de
If the court rejects the injunction, thereby permitting the German president to sign into law the bills passed by parliament on June 29, they can no longer be revoked, even if the court were to decide months later that the laws are in fact in breach of the constitution.
That is because the ESM and the fiscal pact are part of international treaties. Once they are ratified, Germany will be bound by international law to adhere to the legislation.
...
the two-month wait is unlikely to be welcome in Berlin. Finance Minister Wolfgang Schäuble had urged the court last week not to wait too long because a delay in launching the ESM could lead to further turmoil in financial markets. The ESM was due to have gone into operation on July 1 but can't start until Germany has finally ratified it.
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