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？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) 的判决——C-493/17 Weiss观点”，并宣布欧洲中央银行 (ECB) 有关公共部门购买计划 (PSPP) 的基本决定是越权的。它要求德国政府和德国议会对目前形式的 PSPP 采取措施，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执行和执行有关欧洲央行的决定，除非欧洲央行评估并证实其决定中规定的措施符合比例原则。这篇由来自五个国家的学者、律师和公务员撰写的文章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。