Judicialization of economic and monetary union: between a rock and a soft place?
Autor(a) principal: | |
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Data de Publicação: | 2021 |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.14/35914 |
Resumo: | The European Central Bank has been active since the sovereign debt crisis that struck European Union Member States by putting in place several asset-purchasing programmes such as Outright Monetary Transactions and Public Sector Purchase Programme. As much as these decisions have proven the pivotal importance of this institution within the monetary union, they have also spurred controversy on potentially having exceeded the competences attributed to the Union. The german federal constitutional court heard challenges to both and requested the Court of Justice to decide on their validity within the framework of a preliminary ruling. The decision of the former court to declare the Public Sector Purchase Programme ultra vires -in this way countering the preliminary ruling decision- as well as its argumentation could produce many institutional consequences to both the European Central Bank and Court of Justice of the European Union. Finally, it has shown the limits of European Union integration and will inevitably propel discussions on which way to go in the future: It is time for this discussion to come out from courtrooms into the public sphere. |
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Judicialization of economic and monetary union: between a rock and a soft place?Economic and monetary UnionGauweillerMonetary policyUltra viresWeissThe European Central Bank has been active since the sovereign debt crisis that struck European Union Member States by putting in place several asset-purchasing programmes such as Outright Monetary Transactions and Public Sector Purchase Programme. As much as these decisions have proven the pivotal importance of this institution within the monetary union, they have also spurred controversy on potentially having exceeded the competences attributed to the Union. The german federal constitutional court heard challenges to both and requested the Court of Justice to decide on their validity within the framework of a preliminary ruling. The decision of the former court to declare the Public Sector Purchase Programme ultra vires -in this way countering the preliminary ruling decision- as well as its argumentation could produce many institutional consequences to both the European Central Bank and Court of Justice of the European Union. Finally, it has shown the limits of European Union integration and will inevitably propel discussions on which way to go in the future: It is time for this discussion to come out from courtrooms into the public sphere.Veritati - Repositório Institucional da Universidade Católica PortuguesaMatos, Nuno Albuquerque2021-11-15T09:47:43Z2021-09-232021-09-23T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.14/35914eng1130-835410.18543/CED-65-2021PP73-10685116770852000701745500004info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-12T17:41:25Zoai:repositorio.ucp.pt:10400.14/35914Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T18:29:10.144624Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Judicialization of economic and monetary union: between a rock and a soft place? |
title |
Judicialization of economic and monetary union: between a rock and a soft place? |
spellingShingle |
Judicialization of economic and monetary union: between a rock and a soft place? Matos, Nuno Albuquerque Economic and monetary Union Gauweiller Monetary policy Ultra vires Weiss |
title_short |
Judicialization of economic and monetary union: between a rock and a soft place? |
title_full |
Judicialization of economic and monetary union: between a rock and a soft place? |
title_fullStr |
Judicialization of economic and monetary union: between a rock and a soft place? |
title_full_unstemmed |
Judicialization of economic and monetary union: between a rock and a soft place? |
title_sort |
Judicialization of economic and monetary union: between a rock and a soft place? |
author |
Matos, Nuno Albuquerque |
author_facet |
Matos, Nuno Albuquerque |
author_role |
author |
dc.contributor.none.fl_str_mv |
Veritati - Repositório Institucional da Universidade Católica Portuguesa |
dc.contributor.author.fl_str_mv |
Matos, Nuno Albuquerque |
dc.subject.por.fl_str_mv |
Economic and monetary Union Gauweiller Monetary policy Ultra vires Weiss |
topic |
Economic and monetary Union Gauweiller Monetary policy Ultra vires Weiss |
description |
The European Central Bank has been active since the sovereign debt crisis that struck European Union Member States by putting in place several asset-purchasing programmes such as Outright Monetary Transactions and Public Sector Purchase Programme. As much as these decisions have proven the pivotal importance of this institution within the monetary union, they have also spurred controversy on potentially having exceeded the competences attributed to the Union. The german federal constitutional court heard challenges to both and requested the Court of Justice to decide on their validity within the framework of a preliminary ruling. The decision of the former court to declare the Public Sector Purchase Programme ultra vires -in this way countering the preliminary ruling decision- as well as its argumentation could produce many institutional consequences to both the European Central Bank and Court of Justice of the European Union. Finally, it has shown the limits of European Union integration and will inevitably propel discussions on which way to go in the future: It is time for this discussion to come out from courtrooms into the public sphere. |
publishDate |
2021 |
dc.date.none.fl_str_mv |
2021-11-15T09:47:43Z 2021-09-23 2021-09-23T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.14/35914 |
url |
http://hdl.handle.net/10400.14/35914 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
1130-8354 10.18543/CED-65-2021PP73-106 85116770852 000701745500004 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
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reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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