Tag: ECB

EUROZONE: PSPP and the risks of oversimplifying constitutional complexities

● European institutions have given a lukewarm reception to the German constitutional court (BVerfG) ruling on the public sector purchase program (PSPP).

● While ECB President Christine Lagarde claimed the bank was undeterred by the ruling, other statements suggest that some EU decision makers want the ECB to ignore the ruling in the name of the supremacy of EU law.… Read the rest

GERMANY: The constitutional conundrums of ECB bond buying

● The governing council of the European Central Bank (ECB) will convene digitally on 30 April.

● While speculation continues about an expansion of its PEPP bond-buying scheme, yet another German constitutional court ruling on Eurozone crisis fighting is expected for 5 May.… Read the rest

GERMANY: False debt-brake alert (again)

Proposals from Finance Minister Olaf Scholz to temporarily suspend the country’s constitutional debt brake have been greeted with the usual excitement that tends to surround speculation about German fiscal expansion. Among those who quickly came out in favor of the idea was European Central Bank (ECB) President Christine Lagarde.

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