Bundesbank declares ‘war’ on Mario Draghi bond bail-out at Germany’s top court


Germany’s Bundesbank has issued a devastating attack on the bond rescue policies of the European Central Bank, rendering the eurozone’s key crisis measure almost unworkable.
http://www.telegraph.co.uk/finance/financialcrisis/10021894/Bundesbank-declares-war-on-Mario-Draghi-bond-bail-out-at-Germanys-top-court.html

This is news from April but the solution/next info is to be expected in June.

Update: as a current article from Der Spiegel describes “Germany’s highest court is currently reviewing the European Central Bank’s controversial bond-buying program to shore up euro-zone crisis countries. A decision in Karlsruhe could determine the common currency’s fate..”

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About bzik2

A beginning central banker with a twist
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