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The German Federal Constitutional Court's Ruling on Outright Monetary Transactions (OMT) – Another Step towards National Closure?

Published online by Cambridge University Press:  06 March 2019

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The German Federal Constitutional Court (FCC) ruling of 14 January 2014 deserves a thorough evaluation on several accounts: It is the first ever reference by the FCC to the Court of Justice of the European Union (CJEU), it represents a continuation of FCC case law aimed at restricting the impact of European Union law as interpreted by the Court of Justices of the European Union (CJEU) on German law as well as questioning Germany's participation in an ever closer European Union, and it has the potential to dictate the future course of the EU's Economic and Monetary Union (EMU).

Type
Research Article
Copyright
Copyright © 2014 by German Law Journal GbR 

References

1 Bundesverfassungsgericht [BVerfG – Federal Constitutional Court], Case No. 2 BvR 2728/13 et al, (Jan. 14, 2014), http://www.bverfg.de/entscheidungen/rs20140114_2bvr272813en.html. All references to the ruling and the dissenting opinion use the paragraph numbers established in this internet publication by the FCC.Google Scholar

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15 Christlich-Soziale Union, the Bavarian arm of the German conservative party.Google Scholar

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17 Submission of 11.10.2012, on file with the author.Google Scholar

18 See BVerfG, Case No. 2 BvE 2/08.Google Scholar

19 New case number: 2 BvR 2729/13.Google Scholar

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27 Submission of Nov. 13, 2012, on file with the author.Google Scholar

28 New case number: 2 BvR 2730/13.Google Scholar

30 Originally, these were two claims, raised by about 11000 and 26000 citizens respectively.Google Scholar

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32 New case number 2 BvR 2731/13. RA Professor Dr. Markus C Kerber also represented claimants in the challenge of the Lisbon Treaty, See supra note 18) and the “Greek bailout,” See supra note 4. He should not be confused with Markus Kerber, acting director of BDI (Bund Deutscher Industrie) from July 2011, http://www.bdi.eu/bdi_english/649_660.htm, Feb. 20, 2014.Google Scholar

33 Henkel, Olaf, who was the former president of the BDI, now also supports AfD, as stated in the last chapter of his most recent book: Olaf Henkel, Die Euro-Lügner: Unsinnige Rettungspakete, vertuschte Risiken–So werden wir getäuscht (Munich: Heyne, 2013).Google Scholar

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35 Beatrix von Storch also supports AfD, and was one of their candidates for the German general elections in Berlin, as is still reported on her web page, http://www.beatrixvonstorch.de/, Feb. 23, 2014.Google Scholar

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39 New case number 2 BvE 13/13.Google Scholar

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41 The FCC confirmed that the social state principle is part of the “constitutional identity” of Germany, but did not consider it to encompass stability of the currency. See BVerfG, Case No. 2 BvE 2/08.Google Scholar

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48 Id. at para. 101.Google Scholar

49 Id. at para.45.Google Scholar

50 Id. at para. 48.Google Scholar

51 Id. at para. 53.Google Scholar

52 Id. at para. 51–52, 54.Google Scholar

53 Id. at para. 20 (dissenting opinion).Google Scholar

54 See supra note 18.Google Scholar

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61 See BVerfG, Case No. 2 BvR 2134/92, 2 BvR 2159/92 at para. 168–169.Google Scholar

62 See BVerfG, Case No. 2 BvE 2/08.Google Scholar

63 Id. at para. 28 seq.Google Scholar

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