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 [...] 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.
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 [...] 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
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 the exercise by ministers [...] on 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 [...] 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 a majority
One of the main themes of the US election campaign was the economy. Trump wants to provide the US economy with much greater protection against global competition. He wants to scrap NAFTA and stop TTIP [...] Eastern Europe and the Middle East as well as within NATO, where US 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 [...] surrounded by advisors to keep him from acts of folly. Nevertheless, the consequences of his election for the EU's relationship with the US are anything but beneficial:
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 said parliament [...] 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 [...] an impairment of the parliament's budget autonomy to a very, very large extent." ...read more
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 [...] 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, [...] The Swiss National Bank (SNB) on Thursday unexpectedly scrapped a three-year-old cap on the franc. In turn, the currency soared through the 1.20 per euro limit while stock-markets were crashing. “The exit
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 [...] concerning in particular the Constitutional Court have led the European Commission to open a dialogue with the Polish Government in order to ensure the full respect of the rule of law. The Commission considers [...] under the Constitution, and in particular to ensure an effective constitutional review of legislative acts. Read the cep Adhoc on the rule of law machanism and the Recommendation of the Commission
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 [...] 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 [...] migrants is too big not to stop them.” See also our cepInput on the empirical and legal aspects of the refugee crisis.
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 [...] fundamental values of the bloc. The Commission’s First Vice-President Frans Timmermans announced a “preliminary assessment” under the EU's “rule of law mechanism”. See also our cepBlog on the matter. [...] 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
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 [...] Zeitung that the law does not appear to conform with EU rules prohibiting discrimination against foreigners. “The Commission now has to explore in an infringement proceedings whether the treaties have been violated [...] 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 Zeitung