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Some commentators of today's #BVerfG decision argue that it shows an #ordoliberal bias. Here are some first thoughts about this 1/
From a certain perspective, the #BVerfG decision ticks some key ordoliberal boxes: a) purporting to maintain a constitutional order that limits discretionary economic policy; 2/
b) advising the ECB to remain within its mandate, i.e. a rules-based approach; c) by forcing the ECB to consider the wider economic effects of #PPSP, it is signalling concern about potential “market-distorting” consequences 3/
