The court will still assess the complaint’s merits, but the decision means the German president can now ratify the Own Resources Decision.
Germany's federal constitutional court today rejected a request to
block the EU's recovery fund from coming into effect, removing one more
obstacle for the bloc's first joint-debt mechanism.
The complaint, brought last month by academic association Bündnis Bürgerwille
(Will of the Citizens Alliance), argued that the fund is against
Germany's budgetary sovereignty, enshrined in the country's
constitution. The court said the complaint is "neither inadmissible from
the outset nor manifestly unfounded," but that granting an injunction
which would prevent Germany's president from ratifying the fund, thus
stalling the process for the entire bloc, outweighs the risk of
breaching Germany's constitution.
"The disadvantages that result if the temporary injunction is not
issued but the [Own Resources Decision] later proves to be
unconstitutional are less severe than the consequences that would occur
if the temporary injunction were issued but the constitutional complaint
later proves to be unfounded," the court said in a statement, adding that "a summary examination does not reveal a high probability of a violation" of Germany's constitution.
The court will still assess the complaint's merits, but today's
decision means the German president can now ratify the Own Resources
Decision — a step that all EU countries have to complete before the
European Commission can issue debt on capital markets, and that is still pending in 10 EU countries.
Politico
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