Very Unkind Things about the German Constitutional Court’s Rebellion against the ECJ in the Quantitative Easing Case.

Much has been written about the recent German Constitutional Court (GCC) ruling which has essentially dismantled the 2018 judgement of the European Court of Justice (ECJ) over the legality of the ECB Quantitative Easing Program. Much more will be written. I will limit myself here in analysing what I believe is the “macroeconomic” essence of the ruling.

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Summer of Love: Karlsruhe Refers the QE Case to Luxembourg

It seems that the BVerfG has learned a lesson. Yesterday’s referral about the the European Central Bank’s policy of Quantitative Easing (QE) sets a completely different tone. It reads like a modest and balanced plea for judicial dialogue, rather than an indictment. Fifty years after the original event, a new Summer of Love seems to thrive between the highest judicial bodies. It shows no traces of the aplomb with which Karlsruhe presented its stance to Luxembourg three years ago.

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Das OMT-Urteil des BVerfG: Europa­rechtlich überzeugend, verfassungs­prozess­rechtlich fragwürdig

Rechtlich verfasste Herrschaft darf niemals ungebunden sein, sonst verkommt sie zur puren Macht. Die Einordnung des OMT-Verfahrens der Europäischen Zentralbank durch das BVerfG zu in dieses verfassungsrechtliche Grundgefüge offenbart einen eklatanten Widerspruch: Auf der einen Seite wird das BVerfG seiner Kontrollaufgabe gemeinsam mit dem EuGH in hohem Maße gerecht. Auf der anderen Seite schafft es sich die verfassungsprozessuale Grundlage hierfür selbst.

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