The point is that Germany cannot stop it. Convince, by hook or crook, the 14 people of the ECB board to do something, and there are no legal pathways available for Germany, or anyone else, to stop it from happening. So convince them to do quantitative easing by mailing out 300 million checks or monetarising every european national debt across the board until unemployment hits zero, and all they can do is have seizures. They are ideologically committed to a framework that includes the central bank having near-total freedom of action. This can, and should be, turned against them.

"Central bank independence, interpreted fundamentalistically as a prohibition of monetary financing of fiscal policy, is part of the German basic law. "

Avtually no. Part of the european treaties, yes. But the independence of the bundesbank rested on a ordinary law.

>The entire German political establishment appears to agree that the ECB is configured as it should be<

A good part of said establishment now actually thinks that the ECB is misconfigured, Germany only having as much of a vote as the smaller states.

Can EU institutions and/or officials be prosecuted on the federal level for violating treaties? If so, who prosecutes, what is the procedure and what punishments are possible?

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