Tuesday, May 5, 2020

Top German court rules part of ECB asset-buying scheme illegal

A top German court has ruled that a bond buying scheme from the European Central bank partially contravenes the law. 

Germany's central bank, the Bundesbank,
must stop buying government bonds under the ECB's stimulus scheme in 3 months - unless the ECB can prove the purchases are needed.

Lucy Hough is our Europe Correspondent. 

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