Tuesday , July 14 2020
Home / Project Syndicate / The Euro’s German Question

The Euro’s German Question

Summary:
Add to Bookmarks The German Federal Constitutional Court’s recent ruling against the European Central Bank shocked many observers and could have far-reaching implications for the eurozone. What are the likely consequences of the court’s assertion of authority, and how should the ECB and the European Union respond? In this Big Picture, Columbia University’s Willem H. Buiter says that the court’s ruling threatens to hamper the ECB’s efforts to assist distressed eurozone member states and could cause one or more countries to crash out of the monetary union. Katharina Pistor of Columbia Law School goes further,

Topics:
PS Commentators considers the following as important:

This could be interesting, too:

Miles Kimball writes James Nestor on How Bad Mouth Breathing Is

Bradford DeLong writes Edmund S. Morgan: Slavery & Freedom—For the Weekend

Bradford DeLong writes Morgan: American Slavery, American Freedom—Noted

Bradford DeLong writes The Obelisk of Wokeness & the Dome of Cancellation

The German Federal Constitutional Court’s recent ruling against the European Central Bank shocked many observers and could have far-reaching implications for the eurozone. What are the likely consequences of the court’s assertion of authority, and how should the ECB and the European Union respond?

In this Big Picture, Columbia University’s Willem H. Buiter says that the court’s ruling threatens to hamper the ECB’s efforts to assist distressed eurozone member states and could cause one or more countries to crash out of the monetary union. Katharina Pistor of Columbia Law School goes further, arguing that the judgment by an “out of control” court may even endanger the European Union’s survival.

Leave a Reply

Your email address will not be published. Required fields are marked *