ECB’s Christine Lagarde ‘undeterred’ by German court ruling
ECB defends purchase of about €2-trillion worth of bonds
07 May 2020 - 22:31
Frankfurt — The European Central Bank president Christine Lagarde said on Thursday the ECB was “undeterred” by a German court's attempt to curb its power to buy government bonds., saying it was “more determined than ever” to pull the eurozone out of its worst economic crisis in nearly a century.
Germany's Constitutional Court ruled this week that the ECB had overstepped its mandate with bond purchases worth trillions of euros, and said the Bundesbank must quit the scheme within three months unless the ECB can prove its necessity...
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