Editorial Board
Give the ECB the Power to Save Europe's Economy
Without delay, the European Court of Justice should take a wide, pragmatic view of the European Central Bank's powers.
Germany's Federal Constitutional Court has passed the buck on a case that will decide whether the European Central Bank can do its job. That's good. The decision is now where it belongs, with the European Court of Justice.
The matter should have gone to the ECJ, the body responsible for interpreting the European Union's treaties, in the first place, as two dissenting judges said. Without delay, the court should take a wide, pragmatic view of the ECB's powers.