25 May 2020
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 >>
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22 May 2020
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 >>21 May 2020
Law or Politics?
Why should a proportionality assessment of an instrument of monetary policy, which no one doubts is at least in part designed to increase money supply and combat deflation, examine that instrument’s effect on economic policy? There are two different answers—one under EU law, the other under German law. Continue reading >>21 May 2020
Herrschaftslegitimation und implizite Identitätskontrolle
Würde sich der Gerichtshof auf die Kritik des BVerfG konstruktiv einlassen und ein Kontrollniveau etablieren, das der demokratischen und rechtstaatlichen Struktur der Union wirklich gerecht wird, wäre er am Ende der eigentliche Gewinner. Auch Reservevorbehalte des BVerfG würden sich dann von selbst erledigen. Continue reading >>21 May 2020
Verfassungsrichter in der Defensive
Huber, Voßkuhle, Lenaerts – drei Richter des BVerfG bzw. EuGH haben sich in der Presse zu Wort gemeldet, um ihre jeweiligen Urteile im Streit um die Ultra-Vires-Entscheidung zu verteidigen. Diese Reaktionen sind nicht nur rechtlich problematisch, sie drohen auch genau das zu verspielen, was die Richter zu bewahren suchen: das öffentliche Vertrauen und ihre Autorität. Continue reading >>20 May 2020
From Dialogue to Trialogue
The current clash between the Federal Constitutional Court and the ECJ should not obscure the fact that none of the two courts fits the cliché they are often turned into. A view at some ECJ decisions regarding criminal law makes this clear. Nonetheless, the dynamic between the courts must change – maybe the European citizen can step in and offer help. Continue reading >>
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20 May 2020
When is a Court a Court?
The PSPP decision is not the first time a national court objected the CJEU. In Ajos, for example, the Danish Supreme Court rebelled against conform interpretation. The PSPP decision is nonetheless different: It is a challenge on a whole new level. Continue reading >>
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18 May 2020
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. Continue reading >>18 May 2020
Germany’s Failing Court
The German Federal Constitutional Court’s PSPP judgment depends on three intricate principles that the Court says are implicit in the German constitution, to such an extent that they are ‘unamendable’ under the ‘eternity’ clause of Article 79. These principles, however, are unique to Germany and unfamiliar in other European jurisdictions. Thereby the German Court has taken a ultimately illegitimate turn towards a narrow and inward interpretation of its constitution, which inexplicably neglects its European dimension. Given the potential effects of Germany’s apparent defiance of EU law and in light of the current ongoing discussions about the desired increased burden-sharing among the winners and losers of the Eurozone, the internal constitutional argument in Germany is a matter of great significance for the future of the Eurozone. Continue reading >>18 May 2020