We request to look for 60 billion.

Now German Chancellor Olaf Scholz is forced to find EUR 60 billion. This was the value of the funds that were intended to offset the effects of the coronavirus pandemic and to this end were transferred to the Climate and Transformation Fund. However, the national Constitutional Court found this to be illegal.

A immense gap in Budget

The Constitutional Court's judgement has complicated the situation of the Scholz government, as this budget gap of up to EUR 60 billion could torpedo the flagship energy transformation programme, and investment in RES was 1 of the priorities of the German government coalition.

Awareness of Trouble

The Minister of Economy Robert Habeck was categorical already on the eve of the judgment, erstwhile he announced to the public in his country that specified a decision, as was yet announced by the Constitutional Court, would be like "pulling the carpet" from the government's economical stabilisation plan of Germany.

Tax increases may be necessary

Journal ‘Rhein-Zeitung‘ writes that the decision of the German Constitutional Court may consequence in budget cuts or a taxation increase, which may disturb German society:

"So far no more could be spent on climate protection, as the Greens demanded. Myk's transfer of funds was crucial for the coalitions of SPD, Greens and FDP, it was its first capital. Now the government needs to discuss fresh ideas, we are talking about delicate cuts in the budget and/or taxation increases."

There is no agreement to the arrogance of the authorities

"The highest German court did not agree to an arrogant approach to the Basic Act, even if the government coalition now had financial problems," he commented. ‘Kölner Stadt-Anzeiger”, which is simply a good punch line.