Lagarde has one advantage as she is already used to violating laws in France.
PAR08:51:45 GMT - 05/05/2020
#BREAKING Germany's Constitutional Court rules the European Central Bank must clarify a key bond-buying scheme to support the eurozone economy is "proportionate" or else the Bundesbank may no longer participate
PAR08:39:55 GMT - 05/05/2020
ECB’s government bond purchases partially violate the law, top German court says.
PAR08:32:48 GMT - 05/05/2020
Maybe Germany should fine the ECB for violating the EU Treaty?
PAR08:30:04 GMT - 05/05/2020
Euro on a roller coaster on headlines from Karlsruhe. Germany judges partly dismiss ECB APP case, BUT say some action unconstitutional. Constitutional Court says some ECB action not valid in Germany. ECB decisions not backed by EU treaty. Court gives ECB 3mth ultimatum to fix QE.
PAR08:23:25 GMT - 05/05/2020
Aufkauf von Staatsanleihen durch EZB teilweise verfassungswidrig
Der Aufkauf von Staatsanleihen durch die Europäische Zentralbank verstößt teilweise gegen das Grundgesetz, weil Bundesregierung und Bundestag die EZB-Beschlüsse nicht geprüft haben. Dieses Urteil verkündet das Bundesverfassungsgericht.
Basically. It is not legal but who cares.
swiss frank 08:21:59 GMT - 05/05/2020
German Constitutional court rules on legality of ECB asset purchases. It has dismissed part of the case with a 7-1 vote, but also said that some of the ECB actions are unconstituational and that they are not backed by EU treaty.
london red 08:12:50 GMT - 05/05/2020
weidmann on the wires talking about unwinding easing after crisis helping to put base in euro by neck of upside dwn shs (prior) which itself sits abv a collection of sup in 10890-75 range. with that as a base euro can rebound a bit
PAR07:34:27 GMT - 05/05/2020
Normally at 10.00 CET.
Belgrade Knez 07:24:48 GMT - 05/05/2020
do you know what time German judges will announce are they approved or not please?
PAR07:22:49 GMT - 05/05/2020
It looks like the German judges will approve the ECB unlimited bond-buying. They always approve whatever the ECB does.
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