Resumen de Exceeding judicial competence in the name of democracy: : The German federal constitutional court's OMT reference

Mattias Wendel

• First preliminary reference of the German Federal Constitutional Court - ECB Outright Monetary Transaction Programme (OMT) - Financial crisis - Ultra vires review - Principle of democracy - Judicial dialogue - Separation of powers - National constitutional identity - Mandate of the ECB - Article 123 TFEU - Article 18.1 ESCB-Statute - Economic and monetary policy - Honeywell test partially abandoned - Pringle judgment inverted - No margin of discretion for the ECB - Necessity, and prohibition of functional misuse, under Article 267 TFEU - Comparative reasoning [PUBLICATION ABSTRACT]