BY ANTONIA BARAGGIA – GIUSEPPE MARTINICO Abstract- This paper argues that the judgment of the German Constitutional Court (BVG) on the Public Sector Purchase Programme (PSPP) understands the integration process in light of something resembling the “Compact Theory”  approach. Indeed, the conclusion reached by the German Court and the application of the ultra vires...

DI OMAR CHESSA  Abstract – Taking the cue from the BVerfG decision of 5 May 2020, the essay analyzes the relationship between constitutional courts and ECJ with regard to principle of conferral and brings into question the possibility of separate monetary choices from “economic policy effects.” Keywords – BCE, PSPP, Bundesverfassungsgericht, Principle of conferral SCAR...

 DI MARCO GOLDONI Abstract: The decision made by the German Constitutional Court focuses primarily on the limits of the use of the proportionality test to understand the scope of the competences of the European Central Bank (BCE) and its autonomy of action, highlighting how the test, as well as organized by both the German court and […]...

BY FERNANDO LOSADA Abstract – This short comment reveals the structural consequences resulting from the conflicting relationship between European law and macroeconomic integration. While the EU legal order was defined and shaped according to the concrete features required for the development and consolidation of the common market, in macroeconomic integration the role ...

DI LEONARDO MELLACE Abstract – This article focuses on the Karlsruhe’s decision of the 5th of May 2020 on the Public Sector Purchase Programme (PSPP), the ECB’s programme of Quantitative Easing. It offers an accurate analysis of the German Constitutional Court’s judgement and it focuses especially on how the Karlsruhe’s Court considered the PSPP of […]...