Mutually assured discretion: the ECJ on the ECB’s OMT policy
- In a political and economic perspective, the recent ECJ judgment on the OMT program is not more than a footnote, a short sideshow in a seemingly never-ending sequel of another dimension. Legally, however, I find the case quite remarkable. Unlike its Advocate General, the ECJ did not yield to the temptation to respond in kind to the FCC’s provocations. In particular, it avoids the issue of domestic vs. European constitutional identity that juxtaposed the FCC and the Advocate General. Instead, the ECJ has shown political responsibility and legal foresight in framing what could become a masterpiece of truly cooperative, other-regarding constitutional pluralism.
| Author: | Matthias Goldmann |
|---|---|
| URN: | urn:nbn:de:hebis:30:3-549875 |
| URL: | https://verfassungsblog.de/mutually-assured-discretion-the-ecj-on-the-ecbs-omt-policy/ |
| Parent Title (German): | Verfassungsblog |
| Publisher: | Verfassungsblog.de |
| Place of publication: | Berlin |
| Document Type: | Article |
| Language: | English |
| Year of Completion: | 2015 |
| Date of first Publication: | 2015/06/18 |
| Publishing Institution: | Universitätsbibliothek Johann Christian Senckenberg |
| Release Date: | 2020/07/06 |
| Issue: | 2015/6/18 |
| Page Number: | 6 |
| First Page: | 1 |
| Last Page: | 6 |
| Note: | LICENSED UNDER CC BY NC ND |
| HeBIS-PPN: | 467508283 |
| Institutes: | Rechtswissenschaft / Rechtswissenschaft |
| Wissenschaftliche Zentren und koordinierte Programme / Sustainable Architecture for Finance in Europe (SAFE) | |
| Dewey Decimal Classification: | 3 Sozialwissenschaften / 34 Recht / 340 Recht |
| Sammlungen: | Universitätspublikationen |
| Licence (German): |  Creative Commons - Namensnennung-Nicht kommerziell - Keine Bearbeitung 4.0 |
