Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

DPA/PA Images

Top EU court hits back at German ruling on €2 trillion bond-buying scheme

The European Court of Justice warns the decision could jeopardise EU legal unity.

THE HIGHEST COURT court in the European Union has affirmed that it “alone has jurisdiction” to decide whether an EU institution has acted contrary to European law.

Released by the European Court of Justice (ECJ) this afternoon, the statement is a clear reaction to Germany’s highest national court, which handed down a controversial ruling this week relating to the European Central Bank’s flagship bond-buying programme.

Contradicting an earlier ECJ ruling from 2018, the German Federal Constitutional Court found on Wednesday that the ECB had failed to appropriately justify its €2 trillion ‘quantitative easing’ scheme, which began in 2015.

Unless the ECB can demonstrate within three months that the scheme is “not disproportionate” to its stated aim of creating price stability in the bloc, Germany’s own central bank could be required to withdraw from it.

This afternoon, the ECJ released a statement noting that it had “received many enquiries concerning the judgment delivered by the German Constitutional Court”.

Although it said in the statement that the ECJ would “never comment on a judgment of a national court,” it gives a clear warning about the implications of the German court’s decision.

“In order to ensure that EU law is applied uniformly”, the ECJ said, “the Court of Justice alone – which was created for that purpose by the member states – has jurisdiction to rule that an act of an EU institution is contrary to EU law.”

The ECJ advised that “divergences between courts of the member states as to the validity of such acts would indeed be liable to place in jeopardy the unity of the EU legal order and to detract from legal certainty”.

The German court’s ruling relates to the ECB’s ‘Public Sector Purchasing Plan’, initiated in 2015 to combat the lingering threat of deflation from the last eurozone recession.

Wednesday’s decision was a partial victory for the campaigners — including Bernd Lucke, the former leader of Germany’s right-wing Alternative für Deutschland party — who originally took the case, alleging that the ECB programme breached EU treaties.

In 2018, the ECJ threw out their complaint but the German Constitutional Court this week rejected its interpretation as “indefensible” and “arbitrary”.

The campaigners could now launch a similar challenge to the ECB’s latest bond-buying scheme, the Pandemic Emergency Purchasing Programme, which kicked off in March.

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

View 32 comments
Close
32 Comments
This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.
Leave a Comment
    Install the app to use these features.
    Mute Jake Kelly
    Favourite Jake Kelly
    Report
    May 9th 2020, 12:29 PM

    The government announcing a ban on handshakes in public is THE most 2020 headline of 2020 so far

    307
    Install the app to use these features.
    Mute Martin Scaldbag
    Favourite Martin Scaldbag
    Report
    May 9th 2020, 3:06 PM

    @Jake Kelly: Not a mention of the 5G masts,.

    26
    Install the app to use these features.
    Mute Sean
    Favourite Sean
    Report
    May 9th 2020, 3:20 PM

    @Martin Scaldbag: lol you’re not allowed to shake them either!

    101
    See 2 more replies ▾
    Install the app to use these features.
    Mute barry moore
    Favourite barry moore
    Report
    May 9th 2020, 3:45 PM

    @Martin Scaldbag: its a covid19 article. Why would they talk about 5G?

    29
    Install the app to use these features.
    Mute Gary Kearney
    Favourite Gary Kearney
    Report
    May 10th 2020, 11:16 AM

    @Martin Scaldbag: Will they add avoid bring large communication masts into your workplace

    1
    Install the app to use these features.
    Mute Rory Upton
    Favourite Rory Upton
    Report
    May 9th 2020, 12:32 PM

    Joe McHugh borrowed a pen in his press conference yesterday from another member of staff.

    228
    Install the app to use these features.
    Mute alan
    Favourite alan
    Report
    May 9th 2020, 1:02 PM

    @Rory Upton: did you notice the difficulties he had reading the prepared announcement? Doesn’t inspire much confidence does it. Only surprised he didn’t use his finger to point to and follow the words. It’s a crayon he should have been handed.

    154
    Install the app to use these features.
    Mute ThatLJD
    Favourite ThatLJD
    Report
    May 9th 2020, 1:23 PM

    @alan: is he allowed hold crayons on his own! they’re all in the same boat, Pascal, Simon, Eoghan, I’m only picking on FG as they’re ministers, but most TDs are gombeen men who’ve as much ability and charisma as a choc ice. Joe and those listed above are especially awkward and clumsy to watch, its painful.

    139
    See 5 more replies ▾
    Install the app to use these features.
    Mute Terry Walks
    Favourite Terry Walks
    Report
    May 9th 2020, 2:16 PM

    @ThatLJD: whoah there Skippy. What’s all this bad mouthing of Choc Ices??

    26
    Install the app to use these features.
    Mute Fiona Fitzgerald
    Favourite Fiona Fitzgerald
    Report
    May 9th 2020, 3:00 PM

    @Terry Walks: I second that! Such elitist notions!

    9
    Install the app to use these features.
    Mute Sean
    Favourite Sean
    Report
    May 9th 2020, 3:21 PM

    @Fiona Fitzgerald: he obviously prefers Brunch which is allowed. As long as he’s not getting above his station with a chocolate Magnum!

    8
    Install the app to use these features.
    Mute Fiona Fitzgerald
    Favourite Fiona Fitzgerald
    Report
    May 9th 2020, 6:08 PM

    @Sean: Fair enough, each to their own!

    1
    Install the app to use these features.
    Mute Paul Brierley
    Favourite Paul Brierley
    Report
    May 9th 2020, 6:19 PM

    @Rory Upton: that’s because he’s too miserable to buy one!

    3
    Install the app to use these features.
    Mute Sean D
    Favourite Sean D
    Report
    May 9th 2020, 1:04 PM

    Clearly none of theses law makers have ever worked in a fast paced retail environment. Some real Clueless stuff in these guide lines

    228
    Install the app to use these features.
    Mute ThatLJD
    Favourite ThatLJD
    Report
    May 9th 2020, 2:00 PM

    @Sean D: at this rate I’d settle for them having ever worked, never mind fasted paced.

    136
    Install the app to use these features.
    Mute Roddie Cleere
    Favourite Roddie Cleere
    Report
    May 9th 2020, 12:36 PM

    Banned!! Discouraged would be a less confrontational word to use

    119
    Install the app to use these features.
    Mute Caoimhín
    Favourite Caoimhín
    Report
    May 9th 2020, 12:38 PM

    @Roddie Cleere: Sending lots of hope for you x

    50
    Install the app to use these features.
    Mute Nick Murphy
    Favourite Nick Murphy
    Report
    May 9th 2020, 1:56 PM

    @Roddie Cleere: banned means what it says ….discouraged in ireland means doing it anyway

    1
    See 3 more replies ▾
    Install the app to use these features.
    Mute Owen O'Murchú
    Favourite Owen O'Murchú
    Report
    May 9th 2020, 2:30 PM

    @Roddie Cleere: yeah but people are thick

    27
    Install the app to use these features.
    Mute Fiona Fitzgerald
    Favourite Fiona Fitzgerald
    Report
    May 9th 2020, 3:01 PM

    There’s always one “hugger” who hopes it doesn’t apply to him.

    10
    Install the app to use these features.
    Mute Jason Ebbs
    Favourite Jason Ebbs
    Report
    May 9th 2020, 4:07 PM

    @Roddie Cleere: in the same way at the start they tried to discourage non-essential travel and tried to encourage people to stay away from tourist hot spots, beaches, greenway walks, etc, etc.. How did that encouragement pan out ?

    6
    Install the app to use these features.
    Mute Quiggers
    Favourite Quiggers
    Report
    May 9th 2020, 12:33 PM

    What a joke.

    138
    Install the app to use these features.
    Mute Greg Daniel
    Favourite Greg Daniel
    Report
    May 9th 2020, 1:36 PM

    It’s all well and good putting the onus on employers but how are the government going to ensure employees can actually get to work?

    Trains and buses etc can only operate at around 25% capacity if a 2 metres social distance rule has to be adhered to.

    107
    Install the app to use these features.
    Mute conriel
    Favourite conriel
    Report
    May 9th 2020, 1:00 PM

    Its a pity these measures were not given to nursing homes and meat plants, Sometimes you have wonder at want is really going on.

    116
    Install the app to use these features.
    Mute Derek Durkin
    Favourite Derek Durkin
    Report
    May 9th 2020, 4:12 PM

    @conriel: it’s what happens when psychopaths are making the decisions.

    37
    Install the app to use these features.
    Mute Niamh McKinney
    Favourite Niamh McKinney
    Report
    May 10th 2020, 9:10 AM

    @conriel: what is really going in is MASS DELUSION

    2
    Install the app to use these features.
    Mute Anthony Whelan
    Favourite Anthony Whelan
    Report
    May 9th 2020, 1:01 PM

    Seems everyone on social welfare will be employed by HSE as scouts checking out all is good with work place practices. So are they saying dishwasher in work place canteens are not suitable cleaning utilities. Once all retailers cafes restaurants bars open in August this social distance stuff will go out the window. They do realise shops are on top of each other in cities

    82
    Install the app to use these features.
    Mute Marg FitzGerald
    Favourite Marg FitzGerald
    Report
    May 9th 2020, 3:59 PM

    @Anthony Whelan: if dishwashers are not suitable cleaning utilities in work places what will happen in cafes, bars and restaurants?

    24
    Install the app to use these features.
    Mute sjr
    Favourite sjr
    Report
    May 9th 2020, 9:46 PM

    @Marg FitzGerald: disposable cups I imagine

    1
    See 2 more replies ▾
    Install the app to use these features.
    Mute Dave Hammond
    Favourite Dave Hammond
    Report
    May 9th 2020, 9:55 PM

    @Marg FitzGerald: we have flipped from wanting to ban disposable cups to protect the environment to banning reusable cups because of the virus – in Wuhan car sales sales have rocketed after they reopened as people want to avoid using public transport and feel safer in cars – we are using the pandemic to reduce cars in the city and rail road the pedestrian plaza that they have been faffing about with for 10 years and claim this is somehow revolutionary city administration – Germany used the lockdown and reduced congestion as an opportunity to complete city centre road works and improvements in faster time – we spend our time deploying thousands to stop the tiny % of people who own holiday homes from visiting villages and towns that had nothing open anyway as if this was some major campaign of achievement for the country. We have a long way to go to improve our governance and administration and seem more comfortable moaning and whinging about seeing ‘people out and about ‘breaking rules than calling for smarter ways to run the country.

    5
    Install the app to use these features.
    Mute Gary Kearney
    Favourite Gary Kearney
    Report
    May 10th 2020, 11:22 AM

    @Dave Hammond: People using the virus to push their own agendas is one of the sickest things to do during this emergency.

    1
    Install the app to use these features.
    Mute Patrick
    Favourite Patrick
    Report
    May 9th 2020, 12:34 PM

    A man is always judged by his handshake, not anymore it would seem

    76
    Install the app to use these features.
    Mute Stephen Foster
    Favourite Stephen Foster
    Report
    May 9th 2020, 12:58 PM

    @Patrick: 100%. I do it almost instinctively when I’m engaging with someone for the first time in a formal situation. I’ll have to be extra vigilant so, cause it’s BANNED! Very bold, don’t do that…

    66
    Install the app to use these features.
    Mute Cynical
    Favourite Cynical
    Report
    May 9th 2020, 1:10 PM

    @Stephen Foster: Don’t worry, no one will be offering their hand.

    We do need a replacement though…

    26
    See 8 more replies ▾
    Install the app to use these features.
    Mute Anne Marie Devlin
    Favourite Anne Marie Devlin
    Report
    May 9th 2020, 1:47 PM

    @Cynical: hugs and kisses. They’re still permitted

    14
    Install the app to use these features.
    Mute Cormac Laffan
    Favourite Cormac Laffan
    Report
    May 9th 2020, 2:00 PM

    @Anne Marie Devlin: Sex is ok too! Bit informal but worth a shot.

    28
    Install the app to use these features.
    Mute Sylvia O'Regan
    Favourite Sylvia O'Regan
    Report
    May 9th 2020, 2:17 PM

    @Stephen Foster: I’m always getting hugs in informal situations. I’ll have to start carrying a stick!

    9
    Install the app to use these features.
    Mute David Corrigan
    Favourite David Corrigan
    Report
    May 9th 2020, 2:29 PM

    @Cynical: A knee in the stones maybe?

    11
    Install the app to use these features.
    Mute Mark
    Favourite Mark
    Report
    May 9th 2020, 3:28 PM

    @Patrick: if you don’t shake a man’s hand can you even be sure he’s real?

    6
    Install the app to use these features.
    Mute HairyTeeth
    Favourite HairyTeeth
    Report
    May 9th 2020, 7:37 PM

    @Patrick: would you really want to shake a strangers hand when the virus is still present in the country?

    1
    Install the app to use these features.
    Mute Niamh McKinney
    Favourite Niamh McKinney
    Report
    May 10th 2020, 9:13 AM

    @HairyTeeth: yeah I’ll live on the wild side. Didn’t get the memo that we’re waiting for the virus to magically disappear. This is pure insanity at this point. Brainwashing on a massive scale. They’ve reduced everyone to fearful mice and now we’re being dehumanized by all these new bans and rules. “New Normal”. Sickto my stomach

    2
    Install the app to use these features.
    Mute Greg Daniel
    Favourite Greg Daniel
    Report
    May 10th 2020, 2:18 PM

    @Patrick: future physical greetings will be by elbowing, footing or bumming.

    The bumming option is the top scientists preferred option as it’s not face to face.

    3
    Install the app to use these features.
    Mute Sean Higgins
    Favourite Sean Higgins
    Report
    May 9th 2020, 12:50 PM

    Pretty annoying if the truth be told because I like shaking hands while drinks out of workmates tea cups…….

    57
    Install the app to use these features.
    Mute Barry Evans
    Favourite Barry Evans
    Report
    May 9th 2020, 2:11 PM

    @Sean Higgins: I hope you have the decency to stir your tea with their pen……..

    37
    Install the app to use these features.
    Mute Kevin
    Favourite Kevin
    Report
    May 9th 2020, 5:32 PM

    @Sean Higgins: I’ve seen 2 girls, 1 cup. It’s very unhygienic.

    9
    Install the app to use these features.
    Mute Tom Bombdadil
    Favourite Tom Bombdadil
    Report
    May 9th 2020, 12:49 PM

    Ya, that will last about a week.

    45
    Install the app to use these features.
    Mute potnoodle
    Favourite potnoodle
    Report
    May 9th 2020, 1:51 PM

    Our Dictators are dicktating

    61
    Install the app to use these features.
    Mute Caoimhín
    Favourite Caoimhín
    Report
    May 9th 2020, 12:36 PM

    I agree with this. Purely because of my awkwardness when I meet someone new and I am trying to decide if it requires a hand shake or a raise the eyebrow slight smile and nod the head slightly.

    39
    Install the app to use these features.
    Mute Ciaran Harford
    Favourite Ciaran Harford
    Report
    May 9th 2020, 12:55 PM

    @Caoimhín: Hug. Huge hug and a wet kiss on the cheek. All situations. Especially interviews.

    60
    Install the app to use these features.
    Mute Stephen Foster
    Favourite Stephen Foster
    Report
    May 9th 2020, 12:59 PM

    @Ciaran Harford: and some tongue if you’re reading the situation correctly.

    53
    Install the app to use these features.
    Mute Johnny Rotten
    Favourite Johnny Rotten
    Report
    May 9th 2020, 12:29 PM
    34
    Install the app to use these features.
    Mute Roddie Cleere
    Favourite Roddie Cleere
    Report
    May 9th 2020, 12:35 PM

    Banned !!!!!!! Discouraged would be a less confrontational word

    40
    Install the app to use these features.
    Mute Heisen berg1
    Favourite Heisen berg1
    Report
    May 9th 2020, 5:01 PM

    They think everybody works in an office! What about all the staff in shops, restaurant, etc, this will never work.

    30
    Install the app to use these features.
    Mute Pat Kelly
    Favourite Pat Kelly
    Report
    May 9th 2020, 12:36 PM

    No handshakes.. butt kissing is fine..

    50
    Install the app to use these features.
    Mute InvaderSkoodge
    Favourite InvaderSkoodge
    Report
    May 9th 2020, 2:07 PM

    @Pat Kelly: If that’s what you’re into I suppose. I for one won’t be dropping me bags every time I meet up with someone

    11
    Install the app to use these features.
    Mute CopperPot
    Favourite CopperPot
    Report
    May 9th 2020, 1:49 PM

    Some never left work to return, essential workers had No such protections as listed in detail here… disgraceful!!!.

    60
    Install the app to use these features.
    Mute Isabel Oliveira
    Favourite Isabel Oliveira
    Report
    May 9th 2020, 2:03 PM

    A vaccination or curative therapy urgently please before we are all traumatised and damaged beyond repair. There’s a limit as to how long anyone can or wants to live like this. What a freak new world.

    41
    Install the app to use these features.
    Mute Isabel Oliveira
    Favourite Isabel Oliveira
    Report
    May 9th 2020, 2:07 PM

    @Isabel Oliveira: most ridiculous is the absence of an essential rule : mandatory face masks in closed spaces : aka most offices !

    34
    Install the app to use these features.
    Mute Edel Boles
    Favourite Edel Boles
    Report
    May 9th 2020, 12:30 PM

    Nothing new there so

    23
    Install the app to use these features.
    Mute Sean c
    Favourite Sean c
    Report
    May 9th 2020, 6:04 PM

    With those measures 90% of businesses are over

    21
    Install the app to use these features.
    Mute Fiona Fitzgerald
    Favourite Fiona Fitzgerald
    Report
    May 9th 2020, 3:07 PM

    It’s not clear how people with symptoms can get safely home. They seem to be saying that a manager should hire a long limo & drop you home. If you can’t get the bus or train home, can you get a taxi? Most taxis have a Perspex screen up, that should do?

    20
    Install the app to use these features.
    Mute Pád
    Favourite Pád
    Report
    May 9th 2020, 12:42 PM

    Bumping chests is the way to go! Test of Masculinity. Lamo!

    26
    Install the app to use these features.
    Mute Fionn Darland
    Favourite Fionn Darland
    Report
    May 9th 2020, 1:23 PM

    Once again clear and decisive guidance from the government on the tricky issue of getting businesses open.

    18
    Install the app to use these features.
    Mute ThatLJD
    Favourite ThatLJD
    Report
    May 9th 2020, 12:34 PM

    Wow, I mean wow! They forgot to add in daily clarification of bears shitting in woods! That’s ridiculous. I’d be ashamed of this if I was anyway associated with it were they all pissed coming up with it or what, in 30 seconds it took!

    77
    Install the app to use these features.
    Mute yell cub
    Favourite yell cub
    Report
    May 9th 2020, 1:18 PM

    @ThatLJD: I think you need to lie down. You’re clearly unwell.

    30
    Install the app to use these features.
    Mute ThatLJD
    Favourite ThatLJD
    Report
    May 9th 2020, 1:32 PM

    @yell cub: so you don’t find the fanfare and heralding of these ‘inspiring and innovative’ measures to be entirely over the top for something so inept and embarrassing? It’s akin to RTE announcing Fair City best of DVDs!

    47
    See 2 more replies ▾
    Install the app to use these features.
    Mute MZ Carruso
    Favourite MZ Carruso
    Report
    May 9th 2020, 1:35 PM

    @ThatLJD: are you ok?

    10
    Install the app to use these features.
    Mute ThatLJD
    Favourite ThatLJD
    Report
    May 9th 2020, 1:39 PM

    @MZ Carruso: nope. I despise this type of rubbish

    22
    Install the app to use these features.
    Mute Clanrickard
    Favourite Clanrickard
    Report
    May 9th 2020, 4:14 PM

    Can The Journal please get things right. Handhaking is NOT banned these are recommended actions only. Just like the other day you talked about over 70s being allowed out. Learn the difference between what is the law and what is a recommendation.

    18
    Install the app to use these features.
    Mute NotMyIreland
    Favourite NotMyIreland
    Report
    May 9th 2020, 6:02 PM

    @Clanrickard: The HSA have the authority to close a business down if they don’t follow these recommendations, so although they may not be law individually, you must follow them to continue to operate. And since you love been pedantic the article says they are banned, not illegal!!

    10
    Install the app to use these features.
    Mute Thomas Corrigan
    Favourite Thomas Corrigan
    Report
    May 9th 2020, 2:08 PM

    A NOD and a WINK will suffice

    15
    Install the app to use these features.
    Mute Patricia O'Reilly
    Favourite Patricia O'Reilly
    Report
    May 9th 2020, 3:35 PM

    Whatever about children, who know no better, who in God’s name shares cups!?

    13
    Install the app to use these features.
    Mute Hana Barbera
    Favourite Hana Barbera
    Report
    May 9th 2020, 4:49 PM

    @Patricia O’Reilly: Good soundbite fodder. I think she means those cups that are washed at work. In other words, bring your own.

    11
    Install the app to use these features.
    Mute flamrock
    Favourite flamrock
    Report
    May 9th 2020, 1:20 PM

    Do like the dogs…circle each other and sniff their butts. This way u know if there in heat or not..great dating manuver.well it works for Fido.

    30
    Install the app to use these features.
    Mute Fiona Fitzgerald
    Favourite Fiona Fitzgerald
    Report
    May 9th 2020, 6:18 PM

    @flamrock: Jesus, most of us would be happy if people use their own mug at their own desk. But it might be worth it to bring a real dog to work and have him lift his leg on pen-stealers.

    8
    Install the app to use these features.
    Mute Hana Barbera
    Favourite Hana Barbera
    Report
    May 9th 2020, 4:47 PM

    Yeah. Good luck with that.

    9
    Install the app to use these features.
    Mute Eddie O'Neill
    Favourite Eddie O'Neill
    Report
    May 9th 2020, 2:53 PM

    Admittedly a rock and a hard place with either continuing lockdown and starting business up again but it’s peoples lives versus the economy. This half lockdown thing seems a bit pointless.

    12
    Install the app to use these features.
    Mute Koochulan
    Favourite Koochulan
    Report
    May 9th 2020, 4:45 PM

    This is a big mistake.

    7
    Install the app to use these features.
    Mute Michael Maher
    Favourite Michael Maher
    Report
    May 9th 2020, 7:39 PM

    In time she will be begging a lot of those in business to reopen , not threaten to close them down .

    8
    Install the app to use these features.
    Mute Paul Brierley
    Favourite Paul Brierley
    Report
    May 9th 2020, 6:18 PM

    Always preferred a milkshake to a handshake meself!

    6
    Install the app to use these features.
    Mute classic
    Favourite classic
    Report
    May 9th 2020, 5:49 PM

    Restroom break boss!!

    6
    Install the app to use these features.
    Mute Padraic O Sullivan
    Favourite Padraic O Sullivan
    Report
    May 9th 2020, 1:09 PM
    5
    Install the app to use these features.
    Mute Daragh Hackett
    Favourite Daragh Hackett
    Report
    May 9th 2020, 6:06 PM

    Can’t see this lasting makes you think we should extend the lockdown a bit longer

    5
    Install the app to use these features.
    Mute Niamh McKinney
    Favourite Niamh McKinney
    Report
    May 10th 2020, 9:08 AM

    This is mass delusion at this point.

    4
    Install the app to use these features.
    Mute Gary Kearney
    Favourite Gary Kearney
    Report
    May 10th 2020, 11:25 AM

    @Niamh McKinney: Please explain!

    1
    Install the app to use these features.
    Mute Alli Mac Bradaigh
    Favourite Alli Mac Bradaigh
    Report
    May 10th 2020, 8:22 AM

    None these measures were in for the essential workers that have been working.

    3
Submit a report
Please help us understand how this comment violates our community guidelines.
Thank you for the feedback
Your feedback has been sent to our team for review.

Leave a commentcancel

 
JournalTv
News in 60 seconds