The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
a) will you at least grant that the court is more powerful
In most policy areas, yes. In economic policy, which is, after all, the area presently under discussion, no. There is no substantial judicial review of ECB policy decisions.
b) will you at least grant that the ECB is the ECB and not the Bundesbank?
De jure, certainly. De facto, I cannot point to a single material difference in policy before the past few days.
c) will you at least admit that the national governments and the council determine the composition of the governing council of the ECB?
Giving the federal republic about as much influence as larger german state had on the Bundesbank?
a) That does not follow from the composition of the board.
b) The BuBa always was a state-within-the-state in Germany, so pointing out that the German government fails to control the BuBa representatives to the ECB board hardly proves that the BuBa is not still a cancerous state-within-the-state.
Now, do you or do you not believe that inflation targeting and central bank independence are moronic policies? Do you or do you not believe that states should be forced to pay interest on their own currency? I'd really like to know if we're even speaking the same language here.
Friends come and go. Enemies accumulate.
by fjallstrom - Feb 28 47 comments
by Frank Schnittger - Feb 26 121 comments
by talos - Feb 23 170 comments
by DoDo - Feb 22 6 comments
by Migeru - Feb 21 256 comments
by gmoke - Feb 24
by ATinNM - Feb 20 13 comments
by Migeru - Feb 13 88 comments
by fjallstrom - Feb 2847 comments
by Frank Schnittger - Feb 26121 comments
by gmoke - Feb 24
by talos - Feb 23170 comments
by DoDo - Feb 226 comments
by Migeru - Feb 21256 comments
by ATinNM - Feb 2013 comments
by Migeru - Feb 1388 comments
by DoDo - Feb 12261 comments
by Migeru - Feb 3266 comments