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MNI BRIEF: German Court Rejects Move to Scupper EU Rescue Fund

FRANKFURT (MNI)

Germany's Federal Constitutional Court has rejected an application to delay the ratification of European Union's Own Resources Decision, as predicted by MNI earlier this month.

Had the request for a preliminary injunction been upheld it would have severely delayed or even threatened the disbursement of EU Next Generation Funds. Today's decision will be particularly welcome in France, Spain and Portugal, which are known to favour a more rapid deployment of the aid package.

MNI London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com
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MNI London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com
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