Judgment_paragraph 136 · Frank Steinhoff and Others v European Central Bank (T-107/17)

136Article 124 TFEU prohibits any measure, not based on prudential considerations, granting Member States, among others, privileged access to financial institutions so as to encourage the former to follow a sound budgetary policy, not allowing monetary financing of public deficits or privileged access by public authorities to the financial markets to lead to excessively high levels of debt or excessive Member State deficits (see, to that effect, first recital of Regulation No 3604/93 and judgment of 1 October 2015, Bara and Others, C‑201/14, EU:C:2015:638, paragraph 22 and the case-law cited).