Bert Van Roosebeke told the FT: “It’s a very clear defeat for the German court. On the point of whether this is an economic or monetary policy, the European court said it is monetary policy and so within the ECB’s mandate.” Van Roosebeke added the decision gives strong legal protection to eurozone QE because the ECB has perhaps been even more careful that it needed to be in legal terms by setting limit on its buying operations.
Bert Van Roosebeke said: “It’s a very clear defeat for the German court. On the point of whether this is an economic or monetary policy, the European court said it is monetary policy and so within the ECB’s mandate.” Mr Van Roosebeke added the decision gives strong legal protection to eurozone QE because the ECB has perhaps been even more careful that it needed to be in legal terms by setting limit on its buying operations.
ministers without prior authorisation by an Act of Parliament. In a joint judgment of the majority, the Supreme Court holds that an Act of Parliament is required to authorise ministers to give Notice of the decision of the UK to withdraw from the European Union. The Supreme Court considers that the terms of the European Communities Act, which gave effect to the UK’s membership of the EU, are inconsistent with [...] Following the June 2016 referendum, the Government had proposed to use its prerogative powers to withdraw from the EU by serving a Notice withdrawing the UK from the EU Treaties. The Supreme Court by
allies will have to pay more towards the cost of armaments. The result of this will be new attempts to establish a European defence and foreign policy which, of course, have little chance of becoming [...] cep-Director Prof. Lüder Gerken: "There is, of course, no need for alarm or even panic at the election result. Yes, Trump's election campaign was populist in the extreme, but he is certainly no fool. The very fact that he is not a professional politician means that he will be surrounded by advisors to keep him from acts of folly. Nevertheless, the consequences
commitments from Germany. Bert Van Roosebeke, financial market regulation expert with Freiburg-based think tank Center for European Policy, said the court had set a high hurdle for Germany to pull out of a future capital increase. For this to happen, he said, "the constitutional court would need to see an impairment of the parliament's budget autonomy to a very, very large extent." ...read more [...] Germany's highest court Tuesday dismissed the last legal challenge to the euro zone's permanent bailout mechanism, saying it didn't infringe on the German parliament's fiscal powers. ... The court
exit needed to come suddenly,” SNB head Thomas Jordan defended himself. cep expert Bert Van Roosebeke sees the SNB decision linked to Wednesday’s approval of the ECB’s OMT bond purchasing program by the advocate general of the European Court of Justice. “It looks like from a political viewpoint there’s now nothing standing in the way of massive government bond purchases by the ECB anymore,” Van Roosebeke said. “This would further weaken the euro and strengthen the franc. In order to defend the cap of 1.20 franc, a lot of Swiss central bank money would have been needed.”
Commission, within the next three months, of the steps taken to that effect. Background The rule of law is one of the common values upon which the European Union is founded. It is enshrined in Article 2 of the Treaty on European Union. The European Commission, together with the European Parliament and the Council, is responsible under the Treaties for guaranteeing the respect of the rule of law as a fundamental value of our Union and making sure that EU law, values and principles are respected. Recent events in Poland concerning in particular the Constitutional Court have led the European Commission to
The EU Commission considers introducing a permanent external border control force that could be deployed even without the respective EU member state’s consent, the Financial Times and The Wall Street Journal reported. According to a story by Le Soir, the EU Commission will present the plan on Tuesday. European Council President Donald Tusk said recently in an interview with the Guardian and five other European newspapers that “this wave of migrants is too big not to stop them.” See also our cepInput on the empirical and legal aspects of the refugee crisis.
Polish Prime Minister Beata Szydlo in a speech in the European Parliament on Tuesday said her government was willing to cooperate in the EU Commission’s increased scrutiny of Poland’s rule of law. Szydlo reckoned, though, that the recent changes by her government to the constitutional court and public broadcasters in Poland were in line with EU standards. The EU Commission last week opened an unprecedented inquiry into whether new Polish laws are violating fundamental values of the bloc. The Commission’s First Vice-President Frans Timmermans announced a “preliminary assessment” under the EU's “rule of
violated -- if necessary at the European Court of Justice,” Juncker told the paper. The cep has been warning since the start of the road toll debate that allowing German car drivers to deduct the toll costs from the vehicle tax they are already paying constitutes an indirect discrimination of foreign EU citizens. [...] The EU Commission ponders starting a legal challenge against Germany over its new road toll law. EU Commission president Jean-Claude Juncker said in an interview with German daily Sueddeutsche