Under article 123 of the Treaty of Lisbon, the ECB is prevented from buying the government bonds of member states,

Under article 123 of the Treaty of Lisbon, the ECB is prevented from buying the government bonds of member states,

but it has nonetheless already promised to do so even though the threat was never carried out.

The ECB does not appear to find this rule wise and its members are not threatened with jail it it is broken.

Andrew Smithers FT 16 May 2014, click

Article 123 of the Treaty of Lisbon

German Constitutional Court

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