The European Court of Justice (ECJ) will publish on Tuesday its judgement on the legality of the European Central Bank's OMT bond purchasing program. Germany's Constitutional Court had referred the case [...] case to the ECJ at the start of last year. The ECJ’s advocate general said some months ago that the OMT program is basically in line with EU rules. “If the ECJ will follow the line of reasoning of the advocate [...] purchases,” the cep experts Bert Van Roosebeke and Oliver Sauer argue in their latest cepBlog . “The main line of reasoning of the advocate general is that the ECB is the expert and should have the leeway
making this proposal public at the same time that I send it to the European Parliament and the Member States,” she said. “The new Investment Court System will be composed of fully qualified judges, proceedings [...] full accordance with the rule of law.” The cep already said in July that an international court is required for TTIP rather than ad hoc arbitral tribunals. The international court should be set up with [...] remunerated irrespectively of the cases which come before them. In order to safeguard the consistency of case law and develop the law, there should be an appeals system, the cepInput argued.
provided for the imposition of a minimum price per unit of alcohol. The minimum price of alcoholic drinks is to be calculated by the application of a formula that takes into account the strength and volume [...] The Scottish legislation introducing a minimum price per unit of alcohol is contrary to EU law if less restrictive tax measures can be introduced, the European Court of Justice (ECJ) ruled on Wednesday [...] Wednesday. The ECJ said it considered that “the effect of the Scottish legislation is significantly to restrict the market, and this might be avoided by the introduction of a tax measure designed to increase the
The European Court of Justice (ECJ) in Luxembourg will give its final decision this Wednesday on minimum alcohol pricing in Scotland. The Scottish government in 2012 passed a decision to bring in a minimum [...] on alcohol of 50 pence, with the aim of taking control of alcoholism. Last year, Alex Salmond, who was Scottish First Minister at the time, told GQ magazine that Scotland is a “nation of drunks” and [...] and that he is “significantly” concerned by the nation’s relationship with alcohol. “’The general reason is the availability of cheap alcohol and the cultural changes that has introduced,” Salmond argued
Canada (CETA). The question of how the free exchange of data between the EU and Japan can be reconciled with the high European data protection standards also remains to be clarified.The final agreement [...] agreement is to be announced at the end of the year and it is still open whether the agreement has to be ratified by the European Parliament and the Council, or even by national parliaments. Both sides presented [...] not ready to settle on the EU requirement of an independent international investment court. But the EU is pressing to adopt its model to resolve disputes which was designed for the Free Trade Agreement with
suspending the Schengen zone for two years, on the basis that the migrant crisis has exposed “serious deficiencies” at the Greek border that endanger the overall area, the Financial Times reported. The option [...] 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 [...] option of invoking “Article 26” is proposed in a leaked working paper for the interior ministers prepared by Luxembourg, which holds the rotating presidency of the EU. Meanwhile, European Council President
an exit of Greece from the eurozone will not happen automatically, Kullas argued. In order for Greece to leave the currency union, the other euro-states, the IMF and the ECB would have to stop funding [...] European Council president Donald Tusk has warned vividly against the risk of Greece leaving the eurozone by accident. “We have to prevent such an idiotic scenario,” Tusk said in an interview with German [...] funding Athens, he reasoned. “An exit would, thus, require a deliberate decision by the creditors and the Greek government,” Kullas said.
The European Court of Justice (ECJ) has announced that it will publish its judgment on the legality of the European Central Bank's OMT bond purchasing program on June 16. Germany's Constitutional Court [...] Court had referred the case to the ECJ at the start of last year. The ECJ’s advocate general said some months ago that the OMT program is basically in line with EU rules. “While the advocate general is setting [...] bond purchases it basically gives the ECB plenty of rope,” says cep legal expert Oliver Sauer. “The main line of reasoning is that the ECB is the expert and should have the leeway to decide which measures
The ruling by the European Court of Justice demonstrated a “naïve, starry-eyed” trust in the European Central Bank, without setting any real limits on its actions, said Bert Van Roosebeke, who leads financial [...] financial markets research at the cep. ...read on
that if the O.M.T. decision were interpreted restrictively,” it could conform with the law. Reacting to the German court’s announcement, the European Central Bank stood by the program’s legality, saying [...] saying in a statement: “The E.C.B. reiterates that the O.M.T. program falls within its mandate.” The European Court of Justice in Luxembourg has a reputation for giving forward-leaning federalist rulings that [...] that take a broad interpretation of European institutions’ powers, so analysts said there was less of a risk that it would obstruct the program. “The chances are better in Luxembourg than in Karlsruhe,”