Germany issues 'declaration of war' against European Central Bank's £1.9trillion bailout

Germany issues 'declaration of war' against European Central Bank's £1.9trillion bailout

Daily Express - World·2020-05-06 11:02

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The Karlsruhe-based court ruled the ECB’s bond-buying efforts to stabilise the Eurozone legal, however expressed concerns that plans partly violate the German constitution. The court argued there is not enough political oversight in the purchases being made by the Frankfurt-based central bank. The German government and parliament have now been ordered to carry out assessments to ensure the asset purchases’ “economic and fiscal policy effects” do not outweigh the monetary policy objectives.

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Germany News International

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