Judgement of German Federal Constitutional Court (2 BvR 859/15) on the Public Sector Purchase Programme of the ECB: an interdisciplinary analysis
- On 5 May 2020, the Federal Constitutional Court of Germany announced in a momentous ruling that the Public Sector Purchase Programme (PSPP) of the European Central Bank (ECB) exceeds European Union (EU) competences. This decision initiated a lively debate in law and economics all over Europe. This article provides a unique interdisciplinary reading of the ruling in order to clarify the line of argument. Considering a cross-disciplinary view enlightens the understanding of the historic judgment.
| Author of HS Reutlingen | Herzog, Bodo |
|---|---|
| URL: | https://kluwerlawonline.com/journalarticle/European+Public+Law/27.1/EURO2021032 |
| ISSN: | 1354-3725 |
| eISSN: | 1875-8207 |
| Published in: | European public law |
| Publisher: | Kluwer |
| Place of publication: | The Hague |
| Document Type: | Journal article |
| Language: | English |
| Publication year: | 2021 |
| Tag: | European Central Bank; European Court of Justice; German Federal Constitutional Court; Public Sector Purchase Programme; economic and monetary union; monetary vs. economic policy; ultra-vires |
| Volume: | 27 |
| Issue: | 4 |
| Page Number: | 20 |
| First Page: | 653 |
| Last Page: | 672 |
| DDC classes: | 340 Recht |
| Open access?: | Nein |
