O/T F.A.O Kerr

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Originally Posted by great_fire

That's not what the German constitutional court has just said but we'll have to see.

They say their constitution gives Germany primacy.

Out constitution, mainly due to it being unwritten, does not.

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There may be differences in how member states interpret their relationship, but there is no reason we cannot adopt the same position as Germany or any other nation.

EU members are at parity. That's a fundamental premise of the whole project.

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Originally Posted by John2

There may be differences in how member states interpret their relationship, but there is no reason we cannot adopt the same position as Germany or any other nation.

EU members are at parity. That's a fundamental premise of the whole project.

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That’s not actual correct John in the context of this argument

Which part of that post do you think is wrong?

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Originally Posted by John2

Which part of that post do you think is wrong?

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This is a very German issue, as they filter the cash to the ECB to buy bonds which supports other member states (some rely upon), to put this in context the UK buy currently 22% (asset purchases) which is declining, the ECB is just under 40% and climbing!

The judgement effectively suggests that the ECB has acted against its primary objectives in the case risk proportianlity (we used to get fined in the UK if we infringed this). Secondly, and this is a biggy it also calls out the Bundesbank for participating in Ultra Vires....the brakes are firmly on future lending until this is resolved (or attempted fudge in typical EU fashion)

The German internal legislation now firmly clashes with EU legislation ....its unclear but may mean that the EU have to check with Germany first!

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Originally Posted by gm_gm

This is a very German issue, as they filter the cash to the ECB to buy bonds which supports other member states (some rely upon), to put this in context the UK buy currently 22% (asset purchases) which is declining, the ECB is just under 40% and climbing!

The judgement effectively suggests that the ECB has acted against its primary objectives in the case risk proportianlity (we used to get fined in the UK if we infringed this). Secondly, and this is a biggy it also calls out the Bundesbank for participating in Ultra Vires....the brakes are firmly on future lending until this is resolved (or attempted fudge in typical EU fashion)

The German internal legislation now firmly clashes with EU legislation ....its unclear but may mean that the EU have to check with Germany first!

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You think this is way more significant than it really is.

These ongoing legal wranglings do not affect Germany's legal parity with other member states.

It's more like if a billionaire took HMRC to court. They're still legally equal and subject to the same laws as everyone else.

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Originally Posted by John2

You think this is way more significant than it really is.

These ongoing legal wranglings do not affect Germany's legal parity with other member states.

It's more like if a billionaire took HMRC to court. They're still legally equal and subject to the same laws as everyone else.

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Not sure thats a fair comparison as Germany are the EUs main lender...if this decision isnt overturned its going to get really bad for a certain four countries