Economics
ECB’s Foes Focus on Next Target: The Virus Rescue Plan
- PEPP is likely next target of plaintiffs who won QE ruling
- Constitutional court judgment outlines general limits for ECB
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The men who successfully challenged the European Central Bank’s asset purchase program are readying for their next target: the bank’s response to the coronavirus.
The groups are looking to use similar arguments from Tuesday’s verdict by German judges that questioned the quantitative easing program against the new 750 billion-euro ($810 billion) Pandemic Emergency Purchase Program.