Federal Constitutional Court of Germany

The latest judgment of the Federal Constitutional Court of Germany – a serious blow to the decision-making of the courts in the European Union?

On May 5, 2020, the Federal Constitutional Court of Germany  (“Constitutional Court”) delivered a judgment approving several constitutional complaints.  The complaints pertain to the Public Sector Purchase Program (“PSPP”) and allege that it violates the prohibition of monetary financing under Article 123 of the Treaty on the Functioning of the European Union (“TFEU”) and the principle of conferral provided for in Art. 5(1) of the Treaty on European Union (“TEU”). It is important to note that the European Court of Justice ruled on the matter on December 11, 2018, stating that the PSPP did not violate the funding ban. Two […]