Posts Tagged
german constitutional court
And indeed it was a (failed) nullification crisis: The OMT judgment of the German Federal Constitutional Court and the winners and losers of the final showdown in the OMT case
Lorenzo F. Pace, University of Molise; Atlantic Council, Washington D.C. Introduction In an article of mine on the OMT case of early 2016 I had anticipated that: «Against the generalized criticism of the preliminary reference of the BVerfG, and also of the convincing Gauweiler judgment, the German Court is unlikely
Oh My…OMT! Some Thoughts about the German Constitutional Court’s Decision to Refer the Outright Monetary Transactions Programme to the Court of Justice of the European Union
The Background In May 2010, the Governing Council of the European Central Bank (ECB) adopted a Decision establishing the Securities Markets Programme (SMP) (ECB/2010/5). Under the SMP, the ECB and the Eurosystem National Central Banks (NCBs) were to purchase, on the secondary market, eligible debt instruments issued by central governments