ML-Implode News - Europe's imperial court is a threat to all our democracies

The opinion is a vaulting assertion of EU primacy. If the Karlsruhe accepts this, the implication is that Germany will no longer be a fully self-governing sovereign state. The advocate-general knows he is risking a showdown but views this fight as unavoidable. "It seems to me an all but impossible task to preserve this Union, as we know it today, if it is to be made subject to an absolute reservation, ill-defined and virtually at the discretion of each of the Member States," he said.
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The European Court has this time departed a long way from the rule of the law, even by its own elastic standards. The opinion contradicts previous ECJ case law in the 2012 Pringle case, when the court ruled that the ECB's purchases of government bonds amount to economic policy, and implies fiscal union by the back door.
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[The ECJ] claims that OMT is a monetary policy tool that does not breach the Treaties by rescuing specific insolvent states, when everybody can see that it does. Instead of pushing its claims on an abstruse case - the usual salami tactic - it is fighting over an incendiary issue that has German eurosceptics up in arms.
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The eurozone needs QE a l'outrance to avert a deflation trap. It also needs the OMT to reassure markets that there is a lender-of-last-resort in case a crisis erupts in Greece and sets off contagion. But the political destiny of Europe should not be decided in this fashion, lurching from crisis to crisis towards a sovereign union that no citizen has ever voted for.

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Europe's imperial court is a threat to all our democracies