The German Constitutional Court’s Decision Supports The European Stimulus Plan

Germany’s Constitutional Court decided on Wednesday to dismiss legal appeals against the European Union’s recovery plan, effectively paving the way for unprecedented stimulus to be rolled out across the region.

It is reported that Germany’s highest court raised questions in late March about the European Union’s plan to raise 750 billion euros ($ 900 billion) in the financial markets to fund projects across the bloc and thus reduce the economic shock caused by the Coronavirus – Covid-19 crisis.

The move came after a group of euro-skeptical citizens highlighted their concerns that additional borrowing could become a permanent feature in European Union policy-making.