(Bloomberg) - 'EU judges ‘overstepped’ their powers when backing ECB in 2018'

'The German court said the EU judges’ December 2018 ruling that QE was in line with EU rules was “objectively arbitrary” and is “methodologically no longer justifiable.” It gave the ECB a three-month ultimatum to fix flaws in the measure.'

'Germany’s highest court rebukes ECJ in ruling on QE program

In a long-awaited ruling on the European Central Bank’s quantitative easing program, Germany’s constitutional court in Karlsruhe accused the EU Court of Justice of overstepping its powers when it backed the ECB’s controversial policy.

The German court said the EU judges’ December 2018 ruling that QE was in line with EU rules was “objectively arbitrary” and is “methodologically no longer justifiable.” It gave the ECB a three-month ultimatum to fix flaws in the measure.'

- Bloomberg, EU Court Faces ‘Declaration of War’ From German Top Judges, May 5, 2020



Context

(Banking Reform - English/Dutch) '..a truly stable financial and monetary system for the twenty-first century..'

'..the theorem of the economic impossibility of socialism .. is fully applicable to central banks..' - Jesús Huerta de Soto

'..a process of transition toward the only world financial order..' - Jesús Huerta de Soto


The Pandemic Isn’t a Black Swan but a Portent of a More Fragile Global System - '..a severe restriction of lobbying..'

(Global Healing 2020 - 2050)(Fusion Energy) - Total Transformation - '..the elimination of want.'