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Morning Market Roundup: SCOTUS 'Obamacare' Decision, Germany Tells Obama to Worry About His Own Finances, Central Banks Call for More 'Fixes

Morning Market Roundup: SCOTUS 'Obamacare' Decision, Germany Tells Obama to Worry About His Own Finances, Central Banks Call for More 'Fixes

Here’s what’s important in the business world this morning:

SCOTUS: It's the biggest secret in a city known for not keeping them.

The nine Supreme Court justices and more than three dozen other people have kept quiet for more than two months about how the high court is going to rule on the constitutionality of President Barack Obama's health care overhaul.

This is information that could move markets, turn economies and greatly affect this fall's national elections, including the presidential contest between Obama and Republican challenger Mitt Romney. But unlike the Congress and the executive branch, which seem to leak information willy-nilly, the Supreme Court, from the chief justice down to the lowliest clerk, appears to truly value silence when it comes to upcoming court opinions, big and small.

The justices, of course, know, having officially voted on the results the same week they heard arguments.

The Supreme Court is expected to rule on the law in the upcoming week or so.

Germany to President Obama: Germany's finance minister is rejecting U.S. President Barack Obama's calls on Europe to move faster in fighting its debt crisis, telling him to get the American deficit under control instead.

Wolfgang Schaeuble told public broadcaster ZDF in an interview late Sunday that "people are always very quick at giving others advice."

He says: "Mr. Obama should first of all take care of reducing the American deficit, which is higher than in the eurozone."

Spanish Bailout: Spain has made a formal request for a loan to help clean up its troubled banking sector, Economy Minister Luis de Guindos said Monday.

However, the country has yet to specifiy how much of the (EURO)100 billion ($125.39 billion) loan package offered by the 17 countries that use the euro it will ask for. De Guindos said the figure will be made known July 9 when Spain and its single currency partners reach agreement on the terms of the loan, such as the interest rate.

Last week, two international audits commissioned the government said l that Spain's banks could need up to (EURO)62 billion ($77.7 billion) to survive if the economy were to suffer an extreme deterioration.

Central Banks: Governments, banks and households struggling with too much debt are dragging down the world's economy and more needs to be done to make the banking system safer, a global organization of central banks warned Sunday.

The Bank for International Settlements said in its annual report that the world economy remains out of balance, with advanced economies struggling with debt and emerging economies growing strongly but facing risks of their own version of boom and bust.

The BIS - an intergovernmental organization of central banks based in Basel, Switzerland - said it's key for governments to make banks take responsibility for their losses and force them to rebuild their finances. Meanwhile, the threat from risky bank behavior is growing again.

"The world is now five years on from the outbreak of the financial crisis, yet the global economy is still unbalanced and seemingly becoming more so as interacting weaknesses continue to amplify each other," the BIS said in its 82nd annual report.

"The goals of balanced growth, balanced economic policies and a safe financial system still elude us."

The Associated Press contributed to this report.

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