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Euro-Rettung gerettet?

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  • Michael Heinrich

Abstract

The systemic weaknesses of the euro and crisis management activities have not only left traces in political programmes and the political landscape in Germany, but were and are still the subject of constitutional legal disputes. Some important disputes were recently addressed by the judgment of the Second Senate of the Federal Constitutional Court. The Karlsruhe Court remains partial with the continuity of its “Yes, but” decisions that affirm the compatibility of the bailout policy with the Basic Law in principle, but this is linked to compliance with certain provisos. With regard to the ECB’s OMT programme, the judgment contains legal and economic contradictions. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2014

Suggested Citation

  • Michael Heinrich, 2014. "Euro-Rettung gerettet?," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 94(8), pages 594-599, August.
    • Handle: RePEc:spr:wirtsc:v:94:y:2014:i:8:p:594-599
    DOI: 10.1007/s10273-014-1720-8
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    More about this item

    Keywords

    E52; E58; H63;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • 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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