Public Sector Purchase Programme Case

Abstract

1747 applicants brought four constitutional complaints before the German Constitutional Court, which the Court consolidated for joint adjudication. They challenged the constitutionality of the European Central Bank’s Public Sector Purchase Programme (‘PSPP’), particularly the inaction of the German Federal Government, the Bundestag (German Parliament) and the Bundesbank (German Central Bank) concerning the PSPP. The European Central Bank (‘ECB’) launched the PSPP on 22 January 2015. This case note discusses the Court's judgment.