The German Supreme Court ruled that the purchase of European Central Bank bonds was illegal

The German central bank must stop buying government bonds under the economic stimulus program launched by the European Central Bank (ECB) because it does not comply with European Union rules, the German constitutional court said on Tuesday.

Carri Ginter, a sworn attorney at the law firm Sorainen, also spoke, commenting on her Facebook page that Tuesday’s decision of the German Constitutional Court is of extraordinary significance in the history of the European Union. “There are very serious criticisms of the quality of the work of both the European Central Bank and the European Court of Justice. It is indisputably a historical situation where giants have to work hard to find a suitable solution for further coexistence,” Ginter wrote.

UproEU

The German Supreme Court ruled that the purchase of European Central Bank bonds was illegal

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