In the negotiation of the rate by the European Central Bank (ECB) in Euro -Schuldenkrise the applicants have called the Federal Constitutional court, the central bank to curb.
“We as a parliament have the European Central Bank is not entitled to be both inventors, enforcer and inspector”, the left-politician Gregor Gysi said who represents his parliamentary group in the process, on Tuesday in Karlsruhe.
the Freiburger Constitutional law Professor Dietrich Murswiek who speaks for the CSU politician Peter Gauweiler, criticized the so-called OMT program ( “outright monetary transactions” ) the ECB is equal “in many respects with the principle of democracy incompatible”. For their actions the Fed lacked democratic legitimacy.
The central bank had promised in the summer of 2012, if necessary indefinitely to buy government bonds of crisis countries. The Constitutional Court must decide whether the ECB has exceeded its mandate with the program that was used until now never. After a first trial in 2013, they had made it clear that they consider the decision to be unlawful, but submitted the case to the European Court. This explained the bond purchases lawful.
Financial Secretary Jens Spahn (CDU) appealed to the judges of the Second Senate, “to carry the cooperation relationship between the two courts account” when making its decision. Task now was to bring both jurisdictions consistent. He wishes to a “friendly match”, in which both sides daständen end up as winners. (2 BvR 2728/13 u.a.)
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