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Austerity, Grexit and the Battle for the EuroMichael A. WilkinsonLondon School of Economics - Law Department November 11, 2015 LSE Law - Policy Briefing Paper No. 10 Abstract: Does the European Central Bank (‘ECB’) have the mandate to do ‘whatever it takes’ to save the Euro? While the German Constitutional Court answered the question with a clear ‘no’, the European Court of Justice suggested that the ECB did in fact have that mandate. This judicial battle for the Euro, however, is only part of a story that involves political power struggles between Merkel and Tsipras; that saw the emergence of ideological schisms in the EU; and created the real risk that for the first time a Member State would be forced to leave the EU.
Number of Pages in PDF File: 4 Keywords: Euro-crisis, austerity, Grexit, Merkel, OMT, ordo-liberal, EMU , ECJ, German constitutional court Date posted: November 16, 2015Suggested CitationContact Information
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