EMEA > German Court invalidates €60 bln in repurposed government borrowing for climate

German Court invalidates €60 bln in repurposed government borrowing for climate

Published 10:28 on November 15, 2023  /  Last updated at 21:02 on November 15, 2023  /  EMEA

Germany’s Federal Constitutional Court of has ruled that a 2021 government budget act, which redirected €60 billion initially borrowed to address the COVID-19 pandemic towards climate and energy measures, is unconstitutional and therefore void.
Germany’s Federal Constitutional Court of has ruled that a 2021 government budget act, which redirected €60 billion initially borrowed to address the COVID-19 pandemic towards climate and energy measures, is unconstitutional and therefore void.


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