La política monetaria del BCE ante el Tribunal Constitucional Federal Alemán: la Sentencia de 21 de junio de 2016 en el caso "OMT"
This article describes the several steps of a four-year long litigation before the German Federal Constitutional Court, concerning the compatibility with the German Constitution of the announcement by the ECB in 2012 of a program of possible interventions in the secondary sovereign bond market. This...
Saved in:
Main Author: | |
---|---|
Format: | Article |
Language: | Spanish |
Published: |
Centro de Estudios Políticos y Constitucionales (España)
2016
|
Subjects: | |
Online Access: | https://dialnet.unirioja.es/servlet/oaiart?codigo=5765575 |
Source: | Revista de Derecho Comunitario Europeo, ISSN 1138-4026, Año nº 20, Nº 55, 2016, pags. 1067-1099 |
Tags: |
Add Tag
No Tags: Be the first to tag this record
|
Summary: |
This article describes the several steps of a four-year long litigation before the German Federal Constitutional Court, concerning the compatibility with the German Constitution of the announcement by the ECB in 2012 of a program of possible interventions in the secondary sovereign bond market. This litigation is peculiar because of (a) its purely intra-German character, i.e. only between German parties, without the ECB being brought to that procedure in spite of being the author of the contested act; (b) the fact of this litigation being the first-ever case in the history of the German Constitutional Court having been submitted for a preliminary ruling by the European Court of Justice, albeit with elements somehow atypical for this kind of judicial dialogue; (c) the adoption by the ECB, and implementation by the Eurosystem, in spite of the ongoing litigation and concurrent with it, of a new program for interventions in the secondary sovereign bond markets, which has not been contested; and (d) the peculiarities of the final judgement of the German Federal Constitutional Court on 21 June 2016. |
---|