Germany confident law for EU recovery fund will pass in court - minister

Germany is optimistic that it will be able to soon ratify the European Union's own resources decision which is essential for launching the bloc's 750 billion euro recovery spending to mitigate the consequences of the COVID-19 pandemic.

"The experience with similar cases makes me very optimistic that the ratification of the own resources decision can be completed promptly," German Finance Minister Olaf Scholz said on Friday ahead of a virtual meeting with his EU counterparts.

Germany's constitutional court had issued an injunction in March against the signing off on the EU law by the German president because of an emergency appeal against it from the far-right Alternative for Germany (AfD) party and a group called Citizens' Will Alliance.

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