Karlsruhe on Bond Buying: Searching the Limits to Quantitative Easing
On 18 July 2017, the German Federal Constitutional Court issued its second preliminary reference to the Court of Justice of the European Union. This time, it doubts the legality of the ‘Quantitative Easing’ programme of the European Central Bank. The first reference, from 2014, also concerned central bank action. At the height of the debt…