Very Unkind Things about the German Constitutional Court’s Rebellion against the ECJ in the Quantitative Easing Case.
Abstract
Much has been written about the recent German Constitutional Court (GCC) ruling which has essentially dismantled the 2018 judgement of the European Court of Justice (ECJ) over the legality of the ECB Quantitative Easing Program. Much more will be written. I will limit myself here in analysing what I believe is the “macroeconomic” essence of the ruling.
