The Transmission Protection Instrument is out. As always, there will be lawsuits (typically brought by German professors). 

But the design of TPI is in line with previous case law by European Court of Justice and German constitutional court. A 🧵
ft.com/content/c5499a… Case-law on OMT (Gauweiler case) gives some guidance and TPI carefully takes wording from that case law.

It activates TPI only if "necessary to support the effective transmission of monetary policy" and to ensure the singleness of monetary policy.

Gauweiler case 2015, para. 112

+++Publication alert+++

Happy that "#Greening the Economic and Monetary Union (EMU)" was accepted by the Common Market Law Review, the top-field EU law journal.

Climate becoming part of EMU policies is at odds with the traditional legal architecture
papers.ssrn.com/sol3/papers.cf… Fiscal, financial and monetary policies - each of them recently integrated climate policy concerns through policy and law changes.
This leads to more interdependence & coordination between these policy areas.

Tracing the mastermind behind #BVerfG judgment isn't easy. But the judgment draws & quotes heavily from a thoughtful article by Mark Dawson&Ana Bobic @thehertieschool published 2019 in CMLReview

Their criticism became punchline of the #BVerfG ruling against #ECB & #ECJ. Thread First, Dawson/Bobic criticized that #ECJ already in its #OMT judgment had poorly assessed the evidence provided by #ECB to support OMT

Just as #BVerfG had previously criticized OMT & now argues that ECJ assessment of #PSPP is methodologically flawed (para. 137 of judgment)