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GERMANY: ECB can still save PSPP, but medium-term political questions loom

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● Today’s constitutional court ruling still allows the Bundesbank to continue participating in the European Central Bank’s (ECB) public sector purchase program (PSPP) – as long as a new ECB decision is taken within three months.

● Reluctantly, the court also accepted the view ...

 

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GERMANY: ECB can still save PSPP, but medium-term political questions loom

● Today’s constitutional court ruling still allows the Bundesbank to continue participating in the European Central Bank’s (ECB) public sector purchase program (PSPP) –