This paper by Christos Mavrakos, Former Legal and Political Adviser, Member of the General Secretariat of the Council of the EU, assesses the recent judgment by the German Federal Constitutional Court on the Public Sector Asset Purchase Programme of the ECB.

  • The FCC’s judgment not only raises serious questions of European law.
  • It also has serious consequences for the project of European integration as a whole.
  • Moreover, it calls into question such fundamental principles of the European acquis that one may legitimately even doubt to which extent Germany remains committed to the European project.
  • In view of Europe’s existential contributions to Germany’s statehood, to what extent may the European partners call on their German partner in return?

You may find the full text of the policy brief (in Greek) here.