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The euro crisis: storm, meet structure

Published online by Cambridge University Press:  20 December 2011

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On the way to its decision of 7 September 2011 about aid measures for Greece and the euro rescue package, the Bundesverfassungsgericht found itself in the middle of a storm. It had the option of helping the winds blow away the European currency altogether. Instead the Court showed restraint and responsibility towards both the German and the European constitutions. In doing so it gave expression not only to the limits of the law in a state of overwhelming emergency, but also to some of the creative particulars of the situation.

Copyright © T.M.C. Asser Press and the Authors 2011