European Commission President Ursula von der Leien allowed the launch of sanctions against Germany for violating European law. The reason was the decision of the Federal Constitutional Court in Karlsruhe on the European Central Bank.
According to von der Leyen, she takes this case very seriously and intends to carefully examine all documents related to it, according to the German agency DPA.
May 5, the court found the purchase of government bonds of the euro area countries by the European Central Bank did not comply with German law. The reason was that the German government and the Bundestag were not involved in checking the proportionality of ECB decisions. That is, the court admitted that the regulator’s actions deprive Berlin of some economic sovereignty without the consent of the German government.
According to the court’s decision, the Federal Bank of Germany is forbidden to participate in the ECB program for buying government bonds after a three-month transition period, until the Board of Governors provides convincing evidence that this practice is within its competence.
This court verdict contradicts the decision of the European Court of Justice in 2018, reports Deutche Welle.