German court rules the ECB must justify its asset-purchase programme
The ruling raises questions about just how far the European Central Bank can push its monetary stimulus
05 May 2020 - 19:02
Brussels — European Central Bank (ECB) policymakers will jump on a conference call on Tuesday evening to plot how to respond to a surprisingly critical court ruling that cast doubt over their biggest crisis-fighting programme.
Officials now have just three months to prove to Germany’s highest court that the asset-purchase programme, which has bought €2.7-trillion of debt since 2015 and is adding more each month, is in line with the law...
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