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PSPP mit „PEPP“
Die Entscheidung des BVerfG zu den Kompetenzen der EZB gibt Anlass zu der Annahme, dass das Gericht hier möglicherweise selbst die Grenzen seiner Zuständigkeit überschritten und damit gewissermaßen selbst „ultra vires“ gehandelt hat. Die EZB hat das Urteil zwar zur Kenntnis genommen, aber kühl auf die Entscheidung des EuGH verwiesen. Damit wird der „Gehorsamskonflikt“ mitten in das Europäische System der Zentralbanken hineingetragen.
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The Bundesbank is under a legal obligation to ignore the PSPP Judgment of the Bundesverfassungsgericht
If there is a situation undermining the rule of law, then it is exactly this: The Bundesbank is under a legal obligation to ignore the PSPP Judgment of the Bundesverfassungsgericht (under EU law), and the Bundesbank is under a legal obligation to follow the PSPP Judgment of the Bundesverfassungsgericht (under German constitutional law). How has it come to this?
Continue reading >>Squaring the PSPP Circle
The PSPP judgment made a core problem of the European Union painfully visible as the supremacy of EU law clashed with national constitutional identity. There is, however, a possibility to square this circle: national apex courts could be empowered to issue ‘declarations of incompatibility’ under Article 4(2) TEU as an alternative to the disapplication of EU law.
Continue reading >>Is the BVerfG PSPP decision “simply not comprehensible”?
Upon reading the BVerfG’s bombshell PSPP decision, one cannot but be struck at how little it thinks of the quality of the legal reasoning of the CJEU with regards to the proportionality test. If one is to judge others so harshly, it is wise to make sure that one’s own position is irreproachable. The BVerfG failed to do so.
Continue reading >>Some Preliminary Remarks on the PSPP Decision of the German Constitutional Court
Karlsruhe's PSPP decision will not be hard to address as to its actual legal outcome, contrary to what might seem at first instance. But its market effects may be highly problematic. The uncertainty the decision will generate in the short term and the constraints arising from the obiter dicta of the Court for Germany’s participation in the EU response to the Coronavirus situation will likely have some serious negative effects.
Continue reading >>An early Christmas Gift from Karlsruhe?
The 6 December Karlsruhe ruling on the constitutional complaints against the ‘Act Ratifying the EU Own Resources Decision’ will be received by many as a Saint Nicholas present. This time, the Federal Constitutional Court avoided the head-on collision with the EU it caused with its PSPP judgment two and a half years ago. Instead, it opted for a seemingly constructive assessment of the EU’s pandemic recovery instrument. In particular, it found that the ORD did not manifestly exceed the competences conferred on the EU – i.e., it was not ultra vires – and did not affect the constitutional identity of the Basic Law. While the ruling is not as constraining as some might have feared, it does not give card blanche for a more permanent EU fiscal capacity.
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Verfahren eingestellt, Problem gelöst?
Am 2. Dezember 2021 hat die EU-Kommission das Vertragsverletzungsverfahren gegen Deutschland wegen des PSPP-Urteils des BVerfG vom 5. Mai 2020 eingestellt. Dieser Einstellungsentscheidung ist mit Erleichterung zu begegnen.
Continue reading >>Die Stunde des Gesetzgebers
Im vergangenen Jahr aber hat der Zweite Senat des Bundesverfassungsgerichts mit dem PSPP-Urteil eine Dynamik in Gang gesetzt, die das Kraftfeld zwischen nationaler und supranationaler Verfassungsgerichtsbarkeit zur Entladung zu bringen und damit die gesamte Europäische Union irreparabel zu beschädigen droht. Tatsächlich legen dieser und weitere Konflikte gravierende Mängel in der Architektur des Verfassungsgerichtsverbunds offen – und zwar auf allen Seiten. Für die Bundesregierung liegt darin eine unerwartete Chance.
Continue reading >>Ein Dilemma, kein Staatsstreich
Jetzt ist es also tatsächlich passiert: Das polnische Verfassungsgericht verneint in einem zentralen Bereich die Bindung an Entscheidungen des EuGH. Mit dem prinzipiellen Vorrang des Europarechts steht damit eine der fundamentalen Säulen der europäischen Integration in Frage. Ist der Vorgang vergleichbar mit dem, was das deutsche Bundesverfassungsgericht im PSPP-Urteil getan hat?
Continue reading >>Taking the Law Seriously?
One might wonder whether the Commission’s attack on its “friends” in Germany is designed simply to detract attention away from its impotence in the face of growingly-explicit authoritarianism in the Orbán and Kaczyński orbits. We might dismiss the matter with a wry smile were it not for that fact that the Commission is also attacking honest efforts to solve the rule of law dilemmas posed by the original sin of the construction of Economic Union, as well as the well-meaning judicial search for solution to the impossible supremacy-sovereignty conundrum. The PSPP Judgment is far from perfect and has unleashed sometimes rough controversies; however, the tacit approval given to the Commission by so many in their silence about the new proceedings can surely only act to shore up authoritarian egos, concomitantly foreclosing creative judicial responses to our on-going European dilemma of how to maintain and strengthen the rule of law in integration.
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