• ECB's Governing Council member Rehn: Verdict of German court does not instantly affect ECB monetary policy

Notícias do Mercado

13 maio 2020

ECB's Governing Council member Rehn: Verdict of German court does not instantly affect ECB monetary policy

  • EU Court of Justice interprets legality of European institutions' actions, not national courts
  • Giving up this principle could have very negative consequences for EU
  • It is essential that German Constitutional Court agrees with EU top court that ECB's PSPP purchase programme does not breach ban on public sector central bank funding
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