Category: European Central Bank
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Theodore Konstadinides: The German Constitutional Court’s decision on PSPP: Between mental gymnastics and common sense
The 5th of May 2020 will be remembered as a strange day for EU law and German constitutionalism. The German Constitutional Court upheld the constitutional complaints by several groups of individuals against the European Central Bank’s Public Sector Purchase Programme (PSPP). As explained in yesterday’s post by Thomas Horsley, the PSPP set up a framework…
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Thomas Horsley: Karlsruhe Bites Back: The German Federal Constitutional Court’s PSPP Judgment
On 5th May 2020, the German Federal Constitutional Court (GFCC) upheld a series of constitutional complaints that the German Federal Government and Bundestag had violated the Basic Law’s guarantees on democratic legitimation by failing to challenge the validity of the European Central Bank’s (ECB’s) Public Sector Purchase Programme (PSPP) – an initiative established in 2015…
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Stefan Theil: A union of states, constitutions, administrations and judiciaries: some initial thoughts on the OMT ruling of the German Constitutional Court
In the midst of the all-consuming Brexit Referendum Debate, and the unfortunate vote by the United Kingdom to Leave the EU, one might be forgiven for having overlooked this particular piece of European integration litigation. If nothing else, this recent decision by the German Federal Constitutional Court (FCC) demonstrates that even in a difficult constitutional…