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Despite the knotty issues raised by the court’s recent ruling on the European Central Bank's program to purchase member states' public-sector bonds, there could be a silver lining. It is now more likely that the European Union will be forced to confront the main institutional weakness of its monetary union head-on.... It will be interesting to see where this goes.Project syndicateDid Germany’s Constitutional Court Inadvertently Strengthen the Eurozone? Hans-Helmut Kotz | former member of the executive board of Deutsche Bundesbank, is Program Director of the SAFE Policy Center at Goethe University in Frankfurt and a resident fellow at the Center for European Studies at Harvard University
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Despite the knotty issues raised by the court’s recent ruling on the European Central Bank's program to purchase member states' public-sector bonds, there could be a silver lining. It is now more likely that the European Union will be forced to confront the main institutional weakness of its monetary union head-on.... It will be interesting to see where this goes.Project syndicateDid Germany’s Constitutional Court Inadvertently Strengthen the Eurozone? Hans-Helmut Kotz | former member of the executive board of Deutsche Bundesbank, is Program Director of the SAFE Policy Center at Goethe University in Frankfurt and a resident fellow at the Center for European Studies at Harvard University
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Mike Norman considers the following as important:
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Despite the knotty issues raised by the court’s recent ruling on the European Central Bank's program to purchase member states' public-sector bonds, there could be a silver lining. It is now more likely that the European Union will be forced to confront the main institutional weakness of its monetary union head-on....It will be interesting to see where this goes.
Project syndicate
Did Germany’s Constitutional Court Inadvertently Strengthen the Eurozone?
Hans-Helmut Kotz | former member of the executive board of Deutsche Bundesbank, is Program Director of the SAFE Policy Center at Goethe University in Frankfurt and a resident fellow at the Center for European Studies at Harvard University