German Judges Give ECB 3 Months to Fix QE Program By Bloomberg

<iframe src=”//″ width=”250″ height=”250″ scrolling=”no” border=”0″ marginwidth=”0″ style=”border:none;” frameborder=”0″></iframe>

© Reuters. German Judges Give ECB 3 Months to Fix QE Program

(Bloomberg) — Germany’s top judges gave the European Central Bank three months to fix its 2.7 trillion-euro ($2.95 trillion) asset purchase program.

In a 7-to-1 ruling, the judges said that some parts of the quantitative easing program aren’t backed by European Union treaties.

The ECB’s controversial asset-purchase program has been a concern for the German court since at least 2015, when the case was filed. In 2017, the judges asked the European Court of Justice for an interim ruling aimed at limiting the ECB’s leeway, but the European Union tribunal rejected the restrictive reading of the law suggested by their German counterparts.


Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.


5 + 2 =