B. National Courts <i>Ultra vires</i> review of the ECBs policy of quantitative easing: An analysis of the German Constitutional Courts preliminary reference order in the <i>PSPP case.</i>

Lang, Andrej

doi:10.54648/cola2018075

Cited by 3 publications

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“…See ECB Press Release 'Monetary policy decisions' (13 December 2018), available at https//www.ecb.europa.eu/press/ pr/date/2018/html/ecb.mp181213.en.html accessed 21 January 2019. 35 For a comment on the German Court's reference see Lang (2018).…”

Section: The Decision In Weissmentioning

confidence: 99%

El diálogo judicial en curso y los poderes del BCE: la sentencia Weiss

Hinarejos

2019

Rev. Derecho Comunitario Eur.

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On the 11 December 2018, the Court of Justice of the EU delivered its preliminary ruling in Weiss, on the legality of the ECB's Public Sector Purchase Programme. The matter had been referred by the German Federal Constitutional Court; this was the second reference ever made by this particular national court, after the landmark case of Gauweiler. And just like Gauweiler before it, Weiss concerns the powers of the European Central Bank and, more broadly, the conflict between different

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Section: The Decision In Weissmentioning

confidence: 99%

El diálogo judicial en curso y los poderes del BCE: la sentencia Weiss

Hinarejos

2019

Rev. Derecho Comunitario Eur.

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Economic Constitutionalism in the EU and Germany – The German Constitutional Court, the European Court of Justice and the European Central Bank between Law and Politics

Bröhmer

2019

Law and Development Review

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The relationship between the European Union (EU) and its member states has recently been the subject of several legal proceedings in the German Federal Constitutional Court (GFCC) and the European Court of Justice. The backdrop to the underlying controversies were policies instituted by the European Central Bank (ECB) dealing with the economic and monetary situation in various member states in the context of the sovereign debt crises to influence interest rates, combat deflationary tendencies and keep inflation under but close to the ECB’s 2% inflation target. Especially so-called outright monetary transactions (OMTs) and the corresponding OMT-program and a particular high volume public sector asset purchasing program (PSPP) announced by the ECB have been controversially discussed. Legally, the controversies are about the prohibition for the ECB to finance debt held by the EU or member states (Article 123 TFEU) and about the delineation of economic policy (Article 119 et seq. TFEU), which lies in the hands of the members states, and monetary policy (Article 127 et seq. TFEU), which is exclusively in the hands of the ECB. The GFCC in its decisions propagated a restrictive approach emphasizing the role of the member states and pointing to the doctrines developed by it around ultra vires acts and so-called identity review. This paper attempts to shed some light on this controversy and argues that beyond the legal controversy lies a deeper problem of the relationship between judicial and political decision-making that the GFCC should exercise restraint in exercising its functions and remember its own doctrine of “open constitutional norms” developed in a different context but applicable here as well.

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Jak chronić prawa podstawowe własnych obywateli w sytuacji prymatu prawa unijnego? Garść refleksji na kanwie orzecznictwa FSK i TSUE dotyczącego Europejskiego Nakazu Aresztowania (ENA)

Soloch

2019

FOI

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Orzeczenie niemieckiego Federalnego Trybunału Konstytucyjnego (FSK) z 14 grudnia 2015 r. w sprawie Identitätskontrolle ma kluczowe znaczenie dla rozumienia granic możliwości ochrony krajowych praw podstawowych w Unii Europejskiej. FSK de facto przeprowadził w nim kontrolę zgodności wynikającego z prawa Unii Europejskiej obowiązku bezwarunkowego wykonania Europejskiego Nakazu Aresztowania (ENA) z konstytucyjnymi gwarancjami ochrony prawa do godności, ostatecznie jednak dochodząc do wniosku, że gwarancje konstytucyjne zasadniczo pokrywają się z unijnymi. Wydając swoje orzeczenie, choć było ono ewidentnie różne od dotychczasowego orzecznictwa TSUE na temat ENA, FSK stwierdził brak potrzeby zadania pytania prejudycjalnego. Pomimo to, w ewidentny sposób orzeczenie to wpłynęło na późniejszy rozwój orzecznictwa TSUE, przede wszystkim na wyrok w sprawie Aranyosi i Căldăraru. Ponadto wydaje się, że w znacznym stopniu wpłynęło ono także na dalszą dynamikę relacji pomiędzy krajowymi sądami konstytucyjnymi a TSUE w zakresie ochrony praw podstawowych. Tym samym można nawet posunąć się do stwierdzenia, że ma ono kluczowe znaczenie dla zrozumienia dynamiki procesu dialogu sądowego wewnątrz UE.

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B. National Courts Ultra vires review of the ECBs policy of quantitative easing: An analysis of the German Constitutional Courts preliminary reference order in the PSPP case.

Cited by 3 publications

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El diálogo judicial en curso y los poderes del BCE: la sentencia Weiss

El diálogo judicial en curso y los poderes del BCE: la sentencia Weiss

Economic Constitutionalism in the EU and Germany – The German Constitutional Court, the European Court of Justice and the European Central Bank between Law and Politics

Jak chronić prawa podstawowe własnych obywateli w sytuacji prymatu prawa unijnego? Garść refleksji na kanwie orzecznictwa FSK i TSUE dotyczącego Europejskiego Nakazu Aresztowania (ENA)

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B. National Courts Ultra vires review of the ECBs policy of quantitative easing: An analysis of the German Constitutional Courts preliminary reference order in the PSPP case.

Cited by 3 publications

References 0 publications

El diálogo judicial en curso y los poderes del BCE: la sentencia Weiss

El diálogo judicial en curso y los poderes del BCE: la sentencia Weiss

Economic Constitutionalism in the EU and Germany – The German Constitutional Court, the European Court of Justice and the European Central Bank between Law and Politics

Jak chronić prawa podstawowe własnych obywateli w sytuacji prymatu prawa unijnego? Garść refleksji na kanwie orzecznictwa FSK i TSUE dotyczącego Europejskiego Nakazu Aresztowania (ENA)

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B. National Courts Ultra vires review of the ECBs policy of quantitative easing: An analysis of the German Constitutional Courts preliminary reference order in the PSPP case.