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no new institutions can be created which don't require the Bundestag to get involved

I was of the impression that Starvid's proposal involved the existing ECB issuing bonds and/or creating euros, which, while against current policy, was not illegal under the terms of the EU agreements. The legality of such a change should be the purview of an EU or EMU, not a German, court -- if there is such an EU or EMU court with such purview. Or is the requirement that all policy changes by the ECB must be approved by the German parliament written into, as opposed to simply assumed by, the the treaties that created the EMU?

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Sep 12th, 2011 at 08:21:21 AM EST
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