Karlsruhe Deserves Recognition — On the PSPP Ruling of the Federal Constitutional Court of 5 May 2020
Abstract On 5 May 2020, the Federal Constitutional Court (FCC) of Germany ruled that the European Central Bank had overstretched its mandate because its Public Sector Purchase Programme (PSPP) lacked a transparent proportionality analysis. Our author argues that the FCC decision is mild, given the h...
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| Main Author: | |
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| Format: | Article |
| Language: | deu |
| Published: |
Sciendo
2020-07-01
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| Series: | Wirtschaftsdienst |
| Online Access: | https://doi.org/10.1007/s10273-020-2678-3 |
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| Summary: | Abstract On 5 May 2020, the Federal Constitutional Court (FCC) of Germany ruled that the European Central Bank had overstretched its mandate because its Public Sector Purchase Programme (PSPP) lacked a transparent proportionality analysis. Our author argues that the FCC decision is mild, given the huge discrepancy between the foundations laid in the treaties and the actual monetary operations. |
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| ISSN: | 0043-6275 1613-978X |