Pringle v Government of Ireland
Pringle v Government of Ireland (2012) C‑370/12 is an EU law case, which held the European Stability Mechanism was lawful.
| Pringle v Government of Ireland | |
|---|---|
| Court | CJEU |
| Citation(s) | (2012) C‑370/12 |
| Keywords | |
| Health | |
Facts
Thomas Pringle, an anti-austerity Independent MP (Teachta Dála) in Ireland, claimed that the European Stability Mechanism was unlawful, because it exceeded the EU’s exclusive competence for monetary policy, and went beyond the TFEU powers. The ESM was created by Commission Decision 2011/199, adopted under TEU art 48(6) in a simplified Treaty revision procedure. It added TFEU art 136(3), to allow member states to safeguard the Euro’s stability. On 27 September 2012, member states created a €500bn fund to lend to Eurozone member countries (replacing the European Financial Stability Facility and European Financial Stabilisation Mechanism). Member states could get money if they signed a ‘Memorandum of Understanding’.
Judgment
Irish Supreme Court
The Irish Supreme Court made a reference for preliminary ruling to the CJEU. It asked whether the simplified revision procedure could be used, if the principles of effective judicial protection and legal certainty prevented the ESM Treaty.
European Court of Justice
The CJEU held that the European Stability Mechanism was lawful.