ESM and Protection of Fundamental Rights: Towards the End of Impunity?

The CJEU has sent a strong signal to EU institutions: whether they act in the framework of EU law or at its margins, under the screen of international agreements, the Commission and the ECB should duly take fundamental rights into account, and be ready to be held liable if they fail to do so.

Continue Reading →

CJEU Opens Door to Legal Challenges to Euro Rescue Measures in Key Decision

The Ledra Advertising decision by the European Court of Justice breaks down the barrier between European institutions and international-treaty based structures that have sprang up to deal with the needs of euro-area crisis response. This opens the door to legal challenges to the bailout programmes of the EFSF/ESM offering an avenue to a plethora of claimants to unpick the questionable legal underpinnings of conditionality and austerity policies.

Continue Reading →