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Top German court demands clarification of ECB bond-buying scheme

The Bundesbank will be barred from participating in the “quantitative easing” (QE) asset purchase program in three months’ time “unless the ECB Governing Council adopts a new decision that demonstrates in a comprehensible and substantiated manner that the monetary policy objectives pursued by the ECB are not disproportionate,” the court said in a statement.

MarketWatch 5 maj 2020

After an evening conference call to discuss the surprise decision by Germany’s constitutional court, the Governing Council said it took note of the judgment.

Bloomberg 5 May 2020

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