Green light for the Next Generation EU in Germany. The German Constitutional Court rejected the urgent reminder against the Recovery Fund presented by Bernd Lucke, founder of the far-right AfD party and others, with an action aimed at blocking the issuance of common debt.
The decision of the Court was awaited, urged by a loud voice in Europe and in Germany with a timely process, to avoid slowing down the path of European ratifications to the 750 billion euro fund for post-Covid economic recovery.
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The green light of the German constitutionalists allows the President of the Federal Republic Frank-Walter Steinmeier to sign the national law, already passed on March 25 by the Bundestag with a two-thirds majority and the next day by the Bundesrat, and thus conclude the path of implementation of the new European instrument.
The court, in a statement issued this morning, ruled that there is no “high probability of violation” after a first summary examination, with seven out of eight judges dismissing the appeal, a request for urgent suspension that was not “Clearly unfounded”. This decision will be followed – with undefined timing – by a definitive examination by the Court and a more in-depth verdict, but along the same lines, without surprises.