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2020-05-07

If Germany were suddenly to say “nein” to PSPP one or more eurozone countries could be forced to crash out of the monetary union.

Indeed, the German court openly questions the CJEU’s ( Court of Justice of the European Union) legal competence, explaining that it will respect CJEU decisions, “as long as the CJEU applies recognized methodological principles and the decision it renders is not arbitrary from an objective perspective.”

The implication, of course, is that the CJEU has not satisfied this basic criterion.

If Germany were suddenly to say “nein” to the Public sector purchase programme (PSPP), one or more eurozone countries could be forced to crash out of the monetary union.

Willem Buiter Project Syndicate 6 May 2020


DN kallar tyska författningsdomstolen paragrafryttare när de värnar grundlagen


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