Germany’s highest court has plunged more than just the European Central Bank into crisis with its ruling on the legality of the ECB’s public sector purchase programme. The decision by the German constitutional court effectively means the Bundesbank won’t be able to participate in the ECB’s bond-buying programme, at least not unless either the law or the treaties are changed.
Already a subscriber? Log in
Get 10 issues
for $10
Subscribe to The Spectator Australia today for the next 10 magazine issues, plus full online access, for just $10.
- Delivery of the weekly magazine
- Unlimited access to spectator.com.au and app
- Spectator podcasts and newsletters
- Full access to spectator.co.uk
Or
Unlock this article
Steven Barrett is a commercial chancery barrister at Radcliffe Chambers
Comments
Don't miss out
Join the conversation with other Spectator Australia readers. Subscribe to leave a comment.
SUBSCRIBEAlready a subscriber? Log in