German Constitutional Court Undermines ECB Policy and Criticizes CJEU Judgment
German Constitutional Court Undermines ECB Policy and Criticizes CJEU Judgment

Author(s): Sebastian Płóciennik, Szymon Zaręba
Subject(s): Constitutional Law, Economic policy, EU-Accession / EU-DEvelopment, Fiscal Politics / Budgeting, Court case
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: Germany; Constitutional Court; ECB Policy; CJEU Judgment;
Summary/Abstract: In a judgment issued on 5 May, the German Federal Constitutional Court (CC) questioned the procedures in decisions by the European Central Bank (ECB) regarding the purchase of eurozone bonds. The judgment, however, concerns not only monetary policy - crucial to combating the current economic crisis - but also the division of competences between the EU and its Member States.

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