The ECJ upholds the ECB’s bond buying programme: Preliminary reflections on the judgment of the Court in the Case C-62/14
2015. July 02. 15:32
On 16 June 2015 the Grand Chamber of the European Court of Justice (ECJ) issued its much awaited judgment in the Gauweiler case (Case C-62/14). The judgment was expected with great interest for at least two reasons: for the ECJ’s position on the validity of the ECB’s bond buying programme ‘OMT” and the interpretation of the Treaties in that regard, and secondly, for its potential implications for the relation between the ECJ and the German Constitutional Court (GCC) from which the reference originated in January 2014 (Order of 14 January 2014, BvR 2728/13).