German Constitutional Court’s February 2014 ruling on the...

German Constitutional Court’s February 2014 ruling on the legality of the OMT (“Outright Monetary Transactions”) program requires knowledge of German, Germany’s basic law and (a little) quantum physics. Whatever the interpretation, its potential effect on the evolution of Europe’s debt crisis is being underestimated..

..Whatever happens, the debate about the scope of the ECB’s powers, which underpins the Euro and the fate of many deeply indebted European countries, has not been settled. It highlights the unstable confluence of politics, finance and law that lies at the heart of the Euro-Zone crisis.


http://www.economonitor.com/blog/2014/02/the-european-debt-crisis-karlsruhe-quantum-physics/?

Satyajit Das is right on the money - yet again. When the debt crisis in Europe resurfaces, and there is no doubt that it will, such issues will be back in focus and could quickly become the unravelling of the EMU.