The fact that commentators in legal scholarship, politics or the media have argued for the permissibility of certain measures does not generally rule out that such measures can be found to constitute a manifest exceeding of competences [by the ECB]. An exceeding of competences may be regarded as ‘manifest’even where this finding derives only from a careful and meticulously reasoned interpretation [German Court ruling].
Journalists do no have any training in philosophy or logic. They only know how to present or in most cases spin a story. Yet we have allowed them to forget their own limitations and exceed their own abilities by deciding not only what is true but what is right.
In this case, the German Court decided that the European Central Bank had exceeded it's mandate in relation to it's large scale bond-buying, the mandate that was conferred to it by the German Parliament (and therefore the German people) and therefore at least in relation to Germany, its decision then lacks the minimum of democratic legitimation.
Aren't the media supposed to be a pillar of our democracy ?
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