Si tacuisses, philosophus mansisses. Why the OMT Controversy is Undecidable? di Christian Joerges
Abstract – In this article, the controversy between the European Court of Justice and the German Federal Constitutional Court over the Outright Monetary Transactions (OMT) Programme remains in the background. Rather than summarising and evaluating all this, the Author focuses his attention on a defence of the message in the title. Firstly, he starts with the ruling of the German Court of January 2014, which, as is well known, is the “first reference ever”. In this the Author focuses his attention on the two dissenting opinions by judges Lübbe-Wolff and Gerhardt. Then, the analysis focuses mainly on to the exercise of discretion by the ECB and the role of the judiciary. Thereafter, the Author examines the responses to these developments in various branches of European studies and concludes with an explanation of title.
Keywords – OMT Programme; European Court of Justice; German Federal Court; European Central Bank.