Ist der Euro jetzt gerettet?
The 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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Volume (Year): 92 (2012)
Issue (Month): 11 (November)
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