Ist der Euro jetzt gerettet?
AbstractThe paper analyses the German Federal Constitutional Court’s ruling on the ESM Treaty and the Fiscal Pact in the framework of the interim measures and provides an outlook on the decision in the main action. The material scope of the judgment and the standards of review are identified as well as the possible effects on the political scope of further euro bailout policy. The current crisis does not allow sufficient time for making the required changes to the EU treaties and to the German constitution. In view of the expected decision on the monetary policy strategy of the ECB, legal and economic aspects are considered, and the role of the central bank is critically reflected. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2012
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Bibliographic InfoArticle provided by Springer in its journal Wirtschaftsdienst.
Volume (Year): 92 (2012)
Issue (Month): 11 (November)
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- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
- H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
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