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The German Constitutional Court’s decision on PSPP: constitutional earthquake?

In its judgment pronounced on 5 May, the Second Senate of the German Federal Constitutional Court granted several constitutional complaints directed against the Public Sector Purchase Programme (PSPP) of the European Central Bank (ECB).

We are joined by three panellists to consider how the decision fits with the other major European Monetary Union decisions and ongoing questions concerning the role of the European Central Bank; the broader economic implications of the German Federal Constitutional Court’s decision for the ECB’s independence and for the Pandemic Emergency Purchase Programme; as well as other constitutional questions such as the relationship between the German Constitutional Court and the European Court of Justice, including the role of judicial dialogue in the EU constitutional order.

Professor Catherine Barnard, who will chair the discussion, is a Professor of EU law and Employment Law, a Senior Tutor at Trinity College, Cambridge, and a senior fellow at UK in a Changing Europe.

Professor Michael Waibel is a Professor of International Law at the University of Vienna. He worked at the European Central Bank, the World Bank and the International Monetary Fund.

Dr Markus Gehring is an Expert in the Centre for European Legal Studies (CELS), Fellow and Director of Studies in Law at Hughes Hall, Cambridge, and a Fellow of the Lauterpacht Centre for International Law.

There will be the opportunity to ask questions of the speakers after the discussion.