Germany's finance minister Scholz: ECB has honoured principle of proportionality with its flagship stimulus programme - Reuters reports, citing letter to president of Germany’s lower house of parliament

Market news

29 June 2020

Germany's finance minister Scholz: ECB has honoured principle of proportionality with its flagship stimulus programme - Reuters reports, citing letter to president of Germany’s lower house of parliament

Federal finance minister is convinced ECB Council ... has shown plausible proportionality with regard to PSPP
German finance ministry has had numerous talks with Bundesbank, ECB over last weeks after German court ruling on bond purchasing programme
Finance ministry examined confidential ECB documents
Ministry is planning to send ECB documents to German constitutional court

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