Comment: Germany’s judges have declared war on the ECB

The German Federal Constitutional Court has involved itself in crucial economic issues that are none of its business

6th May, 2020
Comment: Germany’s judges have declared war on the ECB
The German and EU flags combined: a German court’s rejection of a ruling by the Court of Justice of the European Union puts the relationship – and the entire Economic and Monetary Union – at risk

Germany’s Federal Constitutional Court has just set in motion a process that could culminate in the unravelling of the European Economic and Monetary Union.

The court has ruled that, following a transitional period of no more than three months, the Bundesbank may no longer participate in the eurozone’s public sector purchase programme (PSPP), unless the European Central Bank (ECB) demonstrates that the policy’s objectives are “not disproportionate to the economic and fiscal policy...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Anton Savage: If it doesn’t fit, get out the drillbit

Nadine O’Regan: It’s time we silenced our inner critics

Nadine O’Regan: The perils of life on a pedestal

Ian Guider: Staying at home has implications for the economy

Columnists Ian Guider 2 weeks ago