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Germany’s constitutional court ruled on Wednesday that the coalition government’s decision to re-allocate 60 billion euros ($65.21 billion) of unused debt from the pandemic era to its climate and transformation fund was unconstitutional.
The budget manoeuvre agreed in December 2021 by the centre-left Social Democrats (SPD), pro-spending Greens and fiscally cautious Free Democrats (FDP) in their coalition deal, allowed the parties to make the most of a temporary, pandemic-related suspension of borrowing limits in the constitution.
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