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Vermögensvernichtungswaffe
“Wealth destruction weapon.” Criticism of a new plan to have the ESM buy up debt from struggling EU countries and, if needs must, exchange that paper for new euros from the European Central Bank. Some...
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Bundesverfassungsgerichtsentscheidung, BVerfGE
Decision of the “Federal Constitutional Court,” the German equivalent, more or less, of the USA’s Supreme Court. The Court consists of two Senates and six chambers, each specializing in different...
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Gemeinsame Bankenaufsicht
Common bank supervisory authority. At this week’s summit to define a road map for structural economic reforms of the European Union, EU heads of state did agree on how to make the ECB a supervisory...
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