European Central Bank President Christine Lagarde defended on Monday the aggressive stimulus measures taken by the ECB in response to the coronavirus pandemic, saying they are proportionate to the risk faced by the euro zone.
The ECB’s massive purchases of government bonds have come under fire from Germany’s constitutional court, which has given it three months to justify them or lose the national Bundesbank as the main buyer in its flagship debt-buying scheme.
“Our crisis-related measures are temporary, targeted and proportionate ... to the severe risks to our mandate that we are facing,” Lagarde told EU lawmakers. While the German court ruling refers to a different ECB bond-purchase scheme, Markus Kerber, one of the co-plaintiffs in the case, told Reuters on Friday that PEPP may fall foul of a ban on bankrolling governments.
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German lawmakers see way out of ECB court ruling conundrum: paperA cross-party group of German lawmakers want to work with the European Parliament to resolve a challenge from Germany's top court to the European Central Bank's flagship policy programme, the Frankfurter Allgemeine Sonntagszeitung reported.
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Detentions, injuries after anti-racism protests in Europe14 police officers were injured Saturday during clashes with protesters in central London following a largely peaceful Black Lives Matter demonstration attended by tens of thousands.
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American troops on German soil are in U.S. interest, German foreign minister saysGerman Foreign Minister Heiko Maas said U.S. troops stationed on German soil are there 'in the interest of both our countries,' following reports that Donald Trump plans a significant draw down
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U.S. Attorney General Bill Barr: 'I Don't Think The Law Enforcement System Is Systemically Racist'Barr also defended police use of force to clear protesters at Lafayette Square this week.
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