Posted on 07/03/2004 12:24:06 AM PDT by ScaniaBoy
EUOBSERVER / BRUSSELS - The European Court of Justice on Monday (28 June) announced that it would reveal on 13 July its judgement regarding the row between the Commission and member states over the rules that underpin the euro.
The case was brought to the Court by the Commission after member states voted last November to suspend disciplinary measures against France and Germany under the Stability and Growth Pact.
In late April, legal teams from the Commission and from the Council of member states argued their cases in front of 14 judges at the European Court of Justice in Luxembourg.
The judges' decision will effectively decide whether Brussels or member states are in charge of economic policy-making in the EU.
The procedure by which the judgement is made is secretive. Decisions are usually made on the basis of compromise between the judges but a vote may be taken - in which case a simple majority suffices to carry the decision.
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