A German court’s “very harsh decision” to rule against the European Central Bank seems to be “solvable” from a monetary policy perspective but raises political challenges for the region, a former member of the Bundesbank told CNBC Wednesday. The German constitutional court said last week that certain aspects of the ECB’s toolkit were illegal under German law. The ruling surprised policymakers across Europe and raised questions about whether the central bank will be able to pursue its monetary policy stance ...
If Germany does not step up to this crisis on a EU level they and Europe are fked.
EoD the big long term money that requires stability will talk.and the small speculatie money that day to day moves markets will cave.
as ever.
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