ECB verdict: Weidmann looks at the demands of the constitutional court met

this Wednesday the Ultimatum of the Federal constitutional court in the dispute over the ECB's bond purchases expires. According to the Federal government now

ECB verdict: Weidmann looks at the demands of the constitutional court met

this Wednesday the Ultimatum of the Federal constitutional court in the dispute over the ECB's bond purchases expires. According to the Federal government now has signalled the Federal Bank President Jens Weidmann, that he considers the claims of the Federal constitutional court as a met.

Christian Siedenbiedel

editor in the economy.

F. A. Z.

The court had complained, the ECB would need to demonstrate the proportionality of its bond purchases, otherwise, should the Bundesbank to the bond purchases. Appropriate documents has been provided to the Federal government and the Bundestag, the Bundesbank available.

it was, among other things, the protocols of the meetings of the governing Council, in which it comes to this topic. But also to older analyses, which were not made specifically for this purpose, however, to deal with the issue.

the session from the 3. and 4. June

"as well as the German Bundestag and the Federal government is also the Executive Board of the Deutsche Bundesbank is of the opinion that the requirements of the Federal constitutional court in its judgment of 5. May 2020 are met,“ said a Bundesbank spokesman for the F. A. Z. of The ECB's governing Council had on 3. and 4. June 2020, the proportionality of the bond-buying discussed program PSPP ("Public Sector Purchase programs") and found that the PSPP was also with a view to its economic impact, relatively.

taking into account these discussions and the findings of the ECB's governing Council had decided on the continuation of the Asset Purchase programme (APP), part of the PSPP is. This money is a political decision by the governing Council on page 22 of the minutes of the monetary policy meeting of the governing Council of 3. and 4. June 2020 has been detained, said the Bundesbank spokesman for more.

Updated Date: 03 August 2020, 07:20

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