The European Court of Justice has declared legal supremacy over the sovereign
state of Germany, and therefore of Britain, France, Denmark and Poland as
well.
The ECJ's advocate-general has not only brushed aside the careful findings of
the German constitutional court on a matter of highest importance, he has
gone so far as to claim that Germany is obliged to submit to the final
decision. "We cannot possibly accept this and they know it," said one German
jurist close to the case.
The matter at hand is whether the European Central Bank broke the law with its
back-stop plan for Italian and Spanish debt (OMT) in 2012. The teleological
ECJ - always eager to further the cause of EU integration - did come up with
the politically-correct answer as expected. The ECB is in the clear. The
opinion is a green light for quantitative easing next week, legally never in
doubt.
The European Court did defer to the Verfassungsgericht in Karlsruhe on a few
points. The ECB must not get mixed up with the EU bail-out fund (ESM) or
take part in Troika rescue operations. But these details are not the deeper
import of the case.
The opinion is a vaulting assertion of EU primacy. If the Karlsruhe accepts
this, the implication is that Germany will no longer be a fully
self-governing sovereign state.
Read the rest here.
Read the rest here.
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