Tag: Fiscal Compact

  • German Federal Constitutional Court Chews on Role of European Central Bank

    Verdicts from Karlsruhe usually serve as pacifiers for the German public and, more recently, for the eurozone as a whole. Remember the ruling on the ESM and the Fiscal Compact, which the German Federal Constitutional Court concluded was reconcilable with the country‚Äôs basic law, or Grundgesetz, in September 2012. What a relief this announcement was […]