The ECB may well cut a deal to escape a landmark German court verdict with its powers broadly intact, a plaintiff in the case said, while not ruling out a second legal challenge against the bank’s coronavirus-linked stimulus scheme. In Tuesday’s ruling, Germany’s highest court gave the European Central Bank three months to justify bond purchases under the flagship stimulus programme it introduced in 2015 or lose the Bundesbank as a participant, raising questions about the programme and the euro’s future. The Constitutional Court judges left leeway for the Bundesbank to stay on board if the ECB could show the scheme was necessary, despite “negative effects” such as risking taxpayers’ money and making governments reliant on central bank funding.
About The Author
March 31, 2021
- Stock market news live updates: Stock futures gain ahead of Fed decision
- Divide between LA, first responders becomes a front in battle over vaccine mandates
- Messari Founder Ryan Selkis Announces Senate Run for 2024 — ‘Enough Talk’
- 54% of Salvadorans are not familiar with Bitcoin, survey suggests
- Student loan forgiveness: ‘Momentum is growing’ to persuade Biden, Pressley claims