Constitutional judge defends ECB ruling against criticism

ECB bond purchase program Peter Huber (left), judge of the Second Senate at the Federal Constitutional Court, at the pronouncement of judgment in Karlsruhe. (Photo: dpa) Karlsruhe Federal Constitutional Court judge Peter Huber has defended the judgment on the billion-dollar government bond purchases by the European Central Bank (ECB). “We received applause from the wrong […]

Von der Leyen is investigating proceedings against Germany

Brussels EU Commission President Ursula von der Leyen is considering an infringement procedure against Germany because of the recent constitutional court ruling on the European Central Bank. This emerges from a letter from the Leyens to the Green European politician Sven Giegold, which is available to the German Press Agency. The Federal Constitutional Court had […]

Lagarde calls for joint financial stimulus against Corona

Christine Lagarde In a medium-sized pandemic scenario, the ECB chief assumes that the euro area economy will shrink by eight percent. (Photo: dpa) Frankfurt Three days after the Karlsruhe ruling on the ECB’s bond purchases, central bank head Christine Lagarde called on the EU countries to stand together financially in the current crisis. No one […]

Lufthansa flights in Bremen and Lower Saxony canceled – Economy in Bremen: Latest news

Lufthansa is canceling a total of 1,300 flights with around 180,000 passengers affected due to the announced 48-hour strike by the flight attendants. (Matthias Balk / dpa) Air travelers must be prepared for restrictions starting this Thursday. The reason is the 48 hour strike by the Lufthansa flight attendants. The airline is therefore canceling a […]

Politicians from other EU countries protest against the bond purchase judgment

Especially in France and Italy, but also in Spain there is a lack of understanding, even indignation, about this judgment. “The decision of the Karlsruhe Constitutional Court is not an element of stability,” said France’s Economics and Finance Minister Bruno Le Maire on Wednesday. “The European treaties guarantee the independence of the European Central Bank,” […]

What the ruling means for the ECB and the Bundesbank

In political Berlin, too, the verdict caused a lot of discussion. The court ruled that the multi-billion dollar bond purchases are partially unconstitutional. Following the judgment, the Bundestag and the federal government should work to ensure that the ECB explains the proportionality of its bond purchase programs. Otherwise, the Bundesbank is prohibited from participating in […]

Friedrich Merz sees rights of savers strengthened

Friedrich Merz The decision deserves special attention, writes the CDU politician. (Photo: imago images / photothek) Berlin Friedrich Merz calls on German politicians to draw far-reaching consequences from the Federal Constitutional Court’s decision to buy government bonds from the European Central Bank (ECB). “It must be a special task of German economic policy in the […]

With the last verdict – memo for politics and the ECB

Berlin It was the last time for Andreas Voßkuhle on Tuesday morning. The last time he slipped into the red robe. The last time he went public with her to read the verdict. The tenure of the President of the Constitutional Court ends on Wednesday after ten years. And Voßkuhle went the way some had […]

That is what matters in the judgment of the Federal Constitutional Court

Berlin / Frankfurt The time for the decision of the Federal Constitutional Court could not be more delicate. In the middle of what is arguably the greatest economic crisis in Europe since the Second World War, the Karlsruhe judges judged on Tuesday the most important crisis instrument of the European Central Bank (ECB). The question […]

These are the points that determine the decision of the Federal Constitutional Court

Berlin / Frankfurt The time for the decision of the Federal Constitutional Court could not be more delicate. In the middle of what is arguably the greatest economic crisis in Europe since the Second World War, the Karlsruhe judges judged on Tuesday the most important crisis instrument of the European Central Bank (ECB). The question […]