2026-05-15T16:08:47Z https://verfassungsblog.de/oai/repository/

oai:verfassungsblog.de/49338 2020-06-06T17:45:24Z posts

http://dx.doi.org/10.17176/20200513-133734-0 https://verfassungsblog.de/is-it-a-dance-or-is-it-chicken/ Is it a Dance or is it Chicken? - The German Constitutional Court's European Central Bank Ruling Alter, Karen eng 2020-05-13 electronic resource text/html ddc:342 BVerfG ECB monetary policy Ultra Vires Verfassungsblog Verfassungsblog--2366-7044 CC BY-NC-ND 4.0 I cut my teeth studying the German Constitutional Court’s relationship with the European Court of Justice. A recent article in the Financial Times used the metaphor of a dance to explain the GCC’s history of pushing back against the ECJ’s authority. In 2001, I called it a game of chicken. I don’t worry that playing chicken with the ECJ inevitably leads to European disintegration. The GCC’s ECB ruling is, however, the wrong decision issued at the wrong time. Economic policy-makers will and should ignore the ruling, and for this reason I expect the GCC to step back from the brink, once again. But harm is nonetheless being inflicted on a tottering global economy, a fragile European project, and a disintegrating popular support for the rule of law.