Germany is in trouble as European Commission has decided to take legal action against its own court’s ruling in May last year. In a German court ruling, it was decided that the European Court of Justice should not have backed the European Central Bank’s bond buying stimulus program. While this was done to ease the pressure of novel coronavirus across the EU bloc, it was considered a move that exceeded the powers of the European court.
In retaliation, the European Commission has sorted legal action against Germany for challenging the supremacy of the EU law itself. However, the German court did rule that the bond-buying could proceed. However, the damage seemed to have been done already.
Indeed, its an unprecedented move by the EU Commission and could lead to heavy fines for Germany. Undeniably, this mars the reputation of the bloc’s most powerful member state. The German government now has two months to respond to a letter of formal notice from the commission, with possible solutions.
The general consensus is that “EU law has primacy over national law. All judgements by the European Court of Justice are binding for member states’ authorities, including national courts, a formal spokesperson from the EU Commission has said so.
There is a wave of an a-la-carte menu brewing and EU Commission wants to ensure that the sanctity of the EU law is maintained in the bloc. However, it is worth noting that had Germany withdrawn from the stimulus, it would have burnt a hole in the package itself. Berlin is one of the largest contributors to the fund. Further, there will remain a growing anxiety in Brussels that there is possibility of mutiny. The one most feared are Poland and Hungary, that might act in similar ways. The EU was engaged in “ongoing battles with Hungary and Poland over the rule of law”, which could be undermined if the German decision were left unanswered.
The President-elect Donald Trump has chosen Dr. Marty Makary to lead the Food and Drug Administration in his second term… Read More
At the start of this month, Ferrari’s team principal, Fred Vasseur, expressed his unease over the sudden resignations of Formula… Read More
K-pop star Rosé and Bruno Mars will perform their viral hit APT. live for the first time today at the… Read More
Cristiano Ronaldo has hinted at a dream that has fans buzzing—playing professional football alongside his son, Cristiano Jr. In a… Read More
The government of Canada has responded to a recent media report linking Indian Prime Minister Narendra Modi to the killing of… Read More
The Labor Department reported on Thursday that new jobless claims fell by 6,000 to 213,000 for the week of November… Read More
This website uses cookies.
Read More