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The German recovery fund mortgage

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The German Constitutional Court yesterday put a mortgage on Recovery fund, ordering the President of the Federal Republic, Frank-Walter Steinmeier, not to proceed with the signing of the ratification of the legal instrument used by the European Union to finance Next Generation Eu. On Thursday the Bundestag had approved by a very large majority – 478 votes in favor (including those of the Greens and Liberals in the opposition), 95 against and 72 abstentions – the parliamentary ratification of the so-called “own resources decision” with which the Commission can issue debt and finance the Recovery fund. The founder of Alternative for Germany, the anti-euro economist Bernd Lucke, who in the meantime left the AfD, asked the Karlsruhe judges to block everything. Always ready to intervene with a straight leg in European affairs, the Court has suspended ratification pending a decision on the admissibility of the appeal.

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