They branded a European decision as ultra vires and thus found it to be inconsistent with the German constitution.
The German courts have found some cojones,this will result in a confrontation twixt the Luxemburg courts and the German Supremes. The Euro is in serious trouble,unload.
The Swiss just voted against the Eurozone open borders too.
The German courts have always been this strong. They wouldn’t let the Treaty of Lisbon pass unless Brussels agreed to let Germany’s government review every law they were considering. (They wouldn’t let any other country in the EU do this, though.)
Hadn’t seen this. No reaction in European markets that i noticed. It would seem to be of some consequence.
A quick guess would be markets feel the usefulness has passed in this instance so no effect. While it removes a bullet from the belt for future crises they demonstrated others.
My other guess would be they’re quite wrong about this time around.
Germany pulls the strings on its puppet EU “states”, what a show/