A political judgment – Reactions to the Court’s Opinion – FAZ – Frankfurter Allgemeine Zeitung

A political judgment – Reactions to the Court's Opinion – FAZ – Frankfurter Allgemeine Zeitung

      

 
 
 
 
 
     
 
 
 
 
 
 
 
 
         

 
 
 
 
 
          ECB Executive Board member Yves Mersch
     

 
                                           
 
 
     
     
     
         
         
                                                             

The ECB sees its anti-crisi s rate by the opinion of the European Advocate General confirmed. “This is an important milestone,” said ECB executive board member Yves Mersch in a first reaction. The monetary authorities had reached in the morning for their euro rescue plan in court an important stage victory. According to the main expert on the Court of Justice of the European Union, the ECB may masse buy government bonds from euro-crisis countries under certain conditions. Condition is that the ECB such purchases is founded, and they were relatively well.

                         
         
         
                                                             
                                 

The Federal Government welcomed the positive opinion of the Advocate General. A spokesman for the Ministry of Finance said that the opinion of the Advocate General at basis and support in principle the position of the federal government. But its Final application meant no decision of the court. Good is that would be created with the proceedings before the Court of Justice in Luxembourg clarity about the program.

                         
         
         
                                                             

On the stock market went up the prices of European government bonds. German Bunds with ten years of operation yielded slightly more than 0.4 percent, and return the appropriate Swiss papers fell 0.14 percent to a record low.

                         
         
         
                                                        � �    

The opinion of the expert to the European Court is regarded as a preliminary decision. The ECJ has formally not follow the recommendation of the Advocate General, but does so many cases. However, the judge followed the Advocate General in particularly controversial cases, not always – as in the case of the “right to be forgotten” on the Internet. The final judgment of the judge is expected in the fall.

                         
         
         
                                                             

Joachim Starbatty who complains before the Federal Constitutional Court against the ECB, showed their disappointment. It was a “political judgment”, criticized the economics professor, who represents the AFD in the European Parliament. The conditions set out by the Advocate General may “be circumvented easily,” he criticized opposite FAZ.NET. Starbatty doubts that the ECB bailout policy, the central bank chief Mario Draghi saying “whatever it takes” (whatever it takes) announced, nor is monetary policy. “Never been a monetary policy measure which should be directed to securing monetary stability announced in these words,” he said. Starbatty also complained that edition of the ECJ Advocate General that the ECB is not the primary market – ie directly by the finance ministers – could be bought, but only on the secondary market is economically irrelevant. Banks would buy the papers and pass after a period of a few weeks to the ECB and get paid for it. It remains at a public finance. The ECB had been with their announcement of a necessary unlimited purchases of bonds issued by euro-crisis countries a guarantee for any debt. Ultimately stuck for taxpayers.

                            � �                                    
 

 1
 | 2
 Next Page
  | Articles on one side
 

 
  

 
 
 
                       

topics to this article:

Here you can buy the rights to this article

Looking Karlsruhe Now what makes the Constitutional Court?

The EU Advocate General has allowed complete freedom unanimous assessment of the European Central Bank. Follow him Europe’s highest judge? And then what does the Federal Constitutional Court? More From Joachim Jahn, Berlin

14/01/2015, 17:21 clock | Economy

crowdfunding project is buying firearms on

die every day 30 people in the United States by gun violence – variously attempted the Police there about buying weapons and to withdraw from the market. The Californian Ian Johnstone, whose father was shot during a robbery, has a crowdfunding project launched to boost such programs. More

13.09.2014, 08:30 clock | Society

According to the ECJ opinion return of European bonds “teaser”> Interest rates are for European bonds on Wednesday dropped to record lows

More

1.14. 2015 14:58 clock | Finance

     
     
     

 

posting Send email

responses to ECJ opinion

“The ECB is nearly boundless”

From

Finanzexeperte Bert Van Roosebeke and AfD politician Joachim Starbatty criticize the opinion of the EU Advocate General for ECB policy. The CSU MP Peter Gauweiler recognizes important limitations.

An error has occurred. Please check your input

<- ========= confirmation page.! Will be loaded by JS if submission is successful === ============ ->

posting Send email

Thanks
The article was sent successfully

.