European Union flags fly outside the European Commission headquarters in Brussels, Belgium, December 12, 2019. — Reuters pic
“In order to ensure that EU law is applied uniformly, the Court of Justice alone... has jurisdiction to rule that an act of an EU institution is contrary to EU law,” a statement said. EU-watchers feared the judgment could be a boost for nations like Hungary and Poland, whose reforms to the political and judicial systems have drawn allegations they are undermining democracy.
The ECB’s massive bond-buying programme is credited with having put an end to the eurozone debt crisis.
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