The German constitutional court’s judgment on the ECB’s bond purchase — Dirk Ehnts

In today’s ruling, the Federal Constitutional Court upheld several constitutional complaints against the Public Sector Purchase Programme (PSPP), stating that the ECB’s decisions on the Public Sector Purchase Programme were incompetent, as the proportionality had not been assessed:...

In my opinion, this assessment is adventurous.... 

Conclusion: economic ignorance has led the BVG to make a hair-raising judgement. If the ECB’s PEPP also becomes the target of a lawsuit, this could mean the end of the Eurozone.

econoblog 101
The German constitutional court’s judgment on the ECB’s bond purchase – a brief commentary
Dirk Ehnts | Lecturer at Bard College Berlin, research assistant at the Technical University of Chemnitz, and spokesperson of the board of Pufendorf-Gesellschaft eV in Berlin
The original post in German.