FRANKFURT – Germany's top court has refused to issue an injunction blocking the country's participation in the European Union's 750 billion-euro (more than $900 billion) coronavirus recovery fund, clearing the way for the launch of the fund and its common borrowing aimed at supporting green and digital economic development.
The Federal Constitutional Court said Wednesday it turned back a motion for a preliminary injunction from a group including economics professor Bernd Lucke, a founder of the populist Alternative for Germany who has since left the party.
The group argued that the European Union treaty forbids the common borrowing backed by member countries' taxpayers to support the recovery fund and its spending on projects to help bring