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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.

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Metadaten
Author of HS ReutlingenHerzog, Bodo
URL:https://kluwerlawonline.com/journalarticle/European+Public+Law/27.1/EURO2021032
ISSN:1354-3725
eISSN:1875-8207
Erschienen in:European public law
Publisher:Kluwer Law International
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