Post by account_disabled on Mar 9, 2024 3:36:26 GMT -5
German Constitutional Court verdict on QE seems strange, to say the least After Donald Trump, like a fox, snuck into the Forex henhouse, publicly criticizing the Fed and talking about the pros and cons of a strong dollar, many are eager to follow in his footsteps. Germany's Constitutional Court made another attempt to pull the rug out from under itself, demanding the ECB explain the viability of the €2.7 trillion quantitative easing program, which began in 2015. If it doesn't, we'll turn off the lights. Specifically, we will block the Bundesbank's participation in QE. Apparently, after Trump, the lawyers in Karlsruhe realized that life is a dog sled: as long as he is not a leader, the picture does not change. LiteFinance: ECB is not going to respond to German judges | Litefinance Dance like no one is watching, sing like no one is hearing, share your opinion as if it's asked of you. The verdict of the German Constitutional Court surprised not only the ECB and investors, but also the plaintiffs themselves, who did not particularly believe in the success of the event after the European Court recognized the quantitative easing program as legitimate.
But German judges not only dug a hole for the ECB, they also went against EU principles and rules by overturning the European Court's decision. LiteFinance: ECB is not going to respond to German judges | Litefinance The Paraguay Mobile Number List Government Council does not plan to respond to the Constitutional Court. First, it would undermine the independence of the central bank. In the future, they would have to justify all their actions at the request of any regional court. Secondly, everything is written on the ECB website. Furthermore, how can we not understand that QE is intended to fight the pandemic? - I can't be that stupid. - He only underestimates himself. According to Christine Lagarde, the current conditions are exceptional and allow the European Central Bank to go beyond the usual instruments. The ECB is an independent institution accountable to the European Parliament, it will continue to do what it should, guided by its own mandate. It seems that the Frenchwoman made it clear to the Karlsruhe judges that she and the Governing Council will live happily ever after. But we never met.
Germany's Constitutional Court recognized that QE was not a direct government financing program, weakening the euro, but did not allow it to collapse. It would be strange if German judges were talking about the unity of monetary and fiscal policy, while the ECB does all the dirty work and the German Finance Ministry was being stingy. The money doesn't disappear. They simply change owners. LiteFinance: ECB is not going to respond to German judges | Litefinance In any case, just as Trump's verbal interventions in 2017-2020, and the verdict of the German Constitutional Court, agitated the financial markets. The ECB has three months to explain why the benefits of the quantitative easing program outweighed its shortcomings. There are many people eager to govern! Few people want to work! The Governing Council is not going to respond, the European Court is baffled and the euro took a hit in the jaw. How will we get out of this situation, dear Europeans.
But German judges not only dug a hole for the ECB, they also went against EU principles and rules by overturning the European Court's decision. LiteFinance: ECB is not going to respond to German judges | Litefinance The Paraguay Mobile Number List Government Council does not plan to respond to the Constitutional Court. First, it would undermine the independence of the central bank. In the future, they would have to justify all their actions at the request of any regional court. Secondly, everything is written on the ECB website. Furthermore, how can we not understand that QE is intended to fight the pandemic? - I can't be that stupid. - He only underestimates himself. According to Christine Lagarde, the current conditions are exceptional and allow the European Central Bank to go beyond the usual instruments. The ECB is an independent institution accountable to the European Parliament, it will continue to do what it should, guided by its own mandate. It seems that the Frenchwoman made it clear to the Karlsruhe judges that she and the Governing Council will live happily ever after. But we never met.
Germany's Constitutional Court recognized that QE was not a direct government financing program, weakening the euro, but did not allow it to collapse. It would be strange if German judges were talking about the unity of monetary and fiscal policy, while the ECB does all the dirty work and the German Finance Ministry was being stingy. The money doesn't disappear. They simply change owners. LiteFinance: ECB is not going to respond to German judges | Litefinance In any case, just as Trump's verbal interventions in 2017-2020, and the verdict of the German Constitutional Court, agitated the financial markets. The ECB has three months to explain why the benefits of the quantitative easing program outweighed its shortcomings. There are many people eager to govern! Few people want to work! The Governing Council is not going to respond, the European Court is baffled and the euro took a hit in the jaw. How will we get out of this situation, dear Europeans.