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European integration: Quo vadis? A critical commentary on the PSPP judgment of the German Federal Constitutional Court of May 5, 2020
International Journal of Constitutional Law ( IF 1.51 ) Pub Date : 2021-05-12 , DOI: 10.1093/icon/moab017
Jürgen Basedow, Jan Dietze, Stefan Griller, Manuel Kellerbauer, Marcus Klamert, Luigi Malferrari, Tibor Scharf, Dominik Schnichels, Daniel Thym, Jonathan Tomkin

In its judgment of May 5, 2020, the Second Senate of the German Constitutional Court qualified for the first time a judgment of the Court of Justice of the European Union (CJEU)—C-493/17 Weiss—as “arbitrary from an objective perspective” and declared the underlying European Central Bank (ECB) decisions regarding the Public Sector Purchase Programme (PSPP) to be ultra vires. It requested the German Government and the German Parliament to take steps against the PSPP in its current form and to ensure that the ECB conducts a proportionality assessment of its PSPP. The judgment also prohibits the German Central Bank from participating, after a grace period of three months, in the implementation and execution of the ECB decisions at issue, unless the ECB assesses and substantiates that the measures provided for in its decisions satisfy the principle of proportionality. The present article, which was written by academics, lawyers, and civil servants from five countries, casts a critical eye on the judgment of the German Constitutional Court. It identifies significant shortcomings from both a German constitutional and a European Union perspective.

中文翻译:

欧洲一体化:现状如何?对德国联邦宪法法院 2020 年 5 月 5 日PSPP判决的批判性评论

在 2020 年 5 月 5 日的判决中,德国宪法法院第二参议院首次将欧盟法院 (CJEU) C-493/17 Weiss 的判决视为“从客观观点”,并宣布欧洲中央银行(ECB)关于公共部门购买计划(PSPP)的决定是越权的。它要求德国政府和德国议会采取措施反对目前形式的 PSPP,并确保欧洲央行对其 PSPP 进行比例评估。该判决还禁止德国中央银行在三个月的宽限期后参与欧洲央行相关决定的实施和执行,除非欧洲央行评估并证实其决定中规定的措施符合相称性原则。本文由来自五个国家的学者、律师和公务员撰写,对德国宪法法院的判决进行了批判性的审视。它从德国宪法和欧盟的角度确定了重大缺陷。
更新日期:2021-06-08
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