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ECB government bond purchases unconstitutional, can they be resolved?

ECB government bond purchases unconstitutional, can they be resolved?

German Chancellor Angela Merkel appeared optimistic about the resolution, though she was concerned about the ruling by Germany's Constitutional Court, which judged the European Central Bank's quantitative easing policy partly unconstitutional.
TAEON YOObyTAEON YOO
May 11, 2020 5:52 pm KST
Tags: ECB

German Chancellor Angela Merkel appeared optimistic about the resolution, though she was concerned about the ruling by Germany’s Constitutional Court, which judged the European Central Bank’s quantitative easing policy partly unconstitutional.

The German Constitutional Court recently ruled that the ECB’s public bond purchase programs, including state bonds, were unconstitutional, saying that the move went beyond the ECB’s authority.

In doing so, the German Constitutional Court gave the ECB three months to justify buying bonds

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TAEON YOO

TAEON YOO

I'm Taeon, President of REELS Corporation inc. and Senior Editor of PRESSREELS. We study the connection between various pop and artists. Contact me! taeon@pressreels.com

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