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Europe’s economic response to Covid hangs in balance as Germany presses pause With judges at the Karlsruhe court refusing to ratify the Recovery Fund, the EU’s hands are tied 5 April 2021 • 5:00am An unassuming Bauhaus building on the banks of the Rhine is where Europe’s latest crisis is threatening to erupt. Not for the first time, eight judges inside the drab grey block in the German city of Karlsruhe are railing against the region’s move towards closer ties. This time, the judges on Germany’s Constitutional Court are holding back the ratification of the €750bn Recovery Fund – the cornerstone of the EU’s economic response to Covid.

Bruxelles capitaleUnited kingdomBaden wubergCarsten brzeskiJari stehnSven jari stehnAndrew kenninghamJoe bidenAlexander hamiltonGermany constitutional courtGerman constitutional courtEuropean commissionGoldman sachsConstitutional courtRecovery fundEu recovery fund