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Lots of Companies issue debt in the form of corporate bonds, but that doesn't make them sovereign. So I suggest that the ability to raise debt is an inadequate definition of sovereignty, even if it is one aspect of Sovereignty, along with the power to raise taxes.

But the interesting aspect to the Karlsruhe judgement is that it denies that the EU can be considered a sovereign state, and thus its laws are not ultimately justiciable by the CJEU, but rather by national supreme courts.  See my diary on the subject here.

Index of Frank's Diaries

by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Wed May 20th, 2020 at 03:01:21 AM EST

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