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What does an extraordinary intervention by German judges mean for Europe’s monetary union?

Could the German constitutional court’s ruling on the policies of the European Central Bank prove the death knell for European integration?

By Paul Wallace  

Germany's judges delivered a bolt from the red. Photo: Uli Deck/DPA/PA Images

Germany’s constitutional court is a power in the land. The court may be tucked away in the sleepy city of Karlsruhe close to the Black Forest in south-western Germany, but politicians in Berlin respect and fear the scarlet-robed judges who hand down constitutional rulings. The court derives its authority from Germany’s baleful history, since it acts as a guardian against any threats to the principles of democracy and human rights set out in the Basic Law of…

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