欧元区审判日

慕尼黑—欧洲和世界正在焦急地等待德国宪法法院9月12日对欧洲稳定性机制(ESM)的判决。ESM是作为欧元区现行紧急贷款人欧洲金融稳定机制(EFSM)的永久性替代方案推出的。德国宪法法院必须就德国原告提出的成立ESM的立法决定违反了德国基本法的意见作出裁决。如果裁决有利于原告,那么宪法法院将要求德国总统拒绝在已被德国议会批准的ESM条约上签字。

各方均对即将到来的裁决严重关注。投资者担心德国宪法法院将反对ESM,因此他们将不得不承受坏投资带来的损失。经济仍然坚挺的欧洲国家的纳税人和退休者担心宪法法院的裁决会扫清欧元区债务社会化的障碍,投资者的损失将因此由他们来承担。

原告代表了整个德国政坛,包括左翼党、基督教社会联盟议员高威勒(Peter Gauweiler)和前总理施罗德的社会民主党政府司法部长道勒-格梅林(Herta Däubler-Gmelin),后者更是收集了数万人的支持签名。还有一群退休经济学和法学教授,以及另外一批“普通”公民,后者的抱怨被德国宪法法院采纳为参考例子。

To continue reading, please log in or enter your email address.

Registration is quick and easy and requires only your email address. If you already have an account with us, please log in. Or subscribe now for unlimited access.

required

Log in

http://prosyn.org/VbN7mx1/zh;
  1. An employee works at a chemical fiber weaving company VCG/Getty Images

    China in the Lead?

    For four decades, China has achieved unprecedented economic growth under a centralized, authoritarian political system, far outpacing growth in the Western liberal democracies. So, is Chinese President Xi Jinping right to double down on authoritarianism, and is the “China model” truly a viable rival to Western-style democratic capitalism?

  2. The assembly line at Ford Bill Pugliano/Getty Images

    Whither the Multilateral Trading System?

    The global economy today is dominated by three major players – China, the EU, and the US – with roughly equal trading volumes and limited incentive to fight for the rules-based global trading system. With cooperation unlikely, the world should prepare itself for the erosion of the World Trade Organization.

  3. Donald Trump Saul Loeb/Getty Images

    The Globalization of Our Discontent

    Globalization, which was supposed to benefit developed and developing countries alike, is now reviled almost everywhere, as the political backlash in Europe and the US has shown. The challenge is to minimize the risk that the backlash will intensify, and that starts by understanding – and avoiding – past mistakes.

  4. A general view of the Corn Market in the City of Manchester Christopher Furlong/Getty Images

    A Better British Story

    Despite all of the doom and gloom over the United Kingdom's impending withdrawal from the European Union, key manufacturing indicators are at their highest levels in four years, and the mood for investment may be improving. While parts of the UK are certainly weakening economically, others may finally be overcoming longstanding challenges.

  5. UK supermarket Waring Abbott/Getty Images

    The UK’s Multilateral Trade Future

    With Brexit looming, the UK has no choice but to redesign its future trading relationships. As a major producer of sophisticated components, its long-term trade strategy should focus on gaining deep and unfettered access to integrated cross-border supply chains – and that means adopting a multilateral approach.

  6. The Year Ahead 2018

    The world’s leading thinkers and policymakers examine what’s come apart in the past year, and anticipate what will define the year ahead.

    Order now