German Judges Strike Back, Say ECB Isn’t Master of Universe
- Judges Huber, Vosskuhle comment on controversial QE ruling
- Vosskuhle says national courts must intervene in ‘rare’ cases
The setting sun reflects off the European Central Bank headquarters in Frankfurt.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
Members of Germany’s top court continued to defend their controversial decision that questioned the underpinning of the European Central Bank’s asset repurchase program, saying national courts do have a limited oversight role over the bloc’s judges.
Peter Huber, who drafted last week’s ruling for Germany’s constitutional court, said the judges wanted the ECB to take responsibility for the quantitative easing program and to explain it to those negatively affected. In another newspaper interview, his colleague Andreas Vosskuhle denied that the EU top court always has the last word in matters of the region’s law.