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Old Sep 9th, 2012, 02:07 PM   #1
clearinghouse
 
 
Join Date: Aug 2010
Posts: 572
I am concerned about this decision:

(1) http://www.guardian.co.uk/world/2012...e-on-euro-fate

(2) http://online.wsj.com/article/SB1000...044588254.html

What time is this decision due in terms of the eastern US? I'd like to not be in the market during those hours and have no positions. Or is it just expected at some time during the day?

I googled, but most articles just say "September 12th." Frankfurt is 6 hours ahead, so 9am there is 3am here, and 17:30 is 11:30 AM. I do not want to be near the market any which way it goes until the market digests the news.
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Old Sep 9th, 2012, 03:39 PM   #2
Martinghoul
 
 
Join Date: Jan 2009
Location: London
Posts: 6,498
It isn't known and, in fact, there has been speculation that the decision will be delayed (due to the conflict of interest issue with one of the justices).
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Old Sep 9th, 2012, 04:44 PM   #3
Grandluxe
 
 
Join Date: Aug 2006
Location: Modakeke, Nigeria
Posts: 3,282
So on the 12th there is this and 13th is Fed. Slow week again?
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Old Sep 10th, 2012, 05:15 AM   #4
Martinghoul
 
 
Join Date: Jan 2009
Location: London
Posts: 6,498
The plot thickens... Gauweiler (a backbench MP) has filed a new Constitutional Court complaint on the back of the ECB decision. Decision expected tomorrow. Hopefully, shouldn't derail the main deliberations the result of which is expected on the 12th.
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Old Sep 10th, 2012, 06:18 AM   #5
trade2live
 
 
Join Date: Jan 2009
Posts: 399
What's the court decision about exactly ? The PIIGS bailout program ?

And what about the legality of the ECB bond purchases announced last week ?
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Old Sep 10th, 2012, 06:49 AM   #6
Martinghoul
 
 
Join Date: Jan 2009
Location: London
Posts: 6,498
The original court decision that's expected on the 12th is about the legality of the ESM. The new emergency complaint, to be decided on tomorrow, is related to the ECB bond purchases.
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