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ECB Looks to Defuse German Legal Timebomb Risking Stimulus

  • Account of June 3-4 meeting to be published on Thursday
  • Officials repeatedly stress proportionality of policy actions
Updated on

The European Central Bank’s most determined attempt yet to confront the German legal headache bedeviling its quantitative easing policy may emerge as soon as this week.

That’s what its president, Christine Lagarde, hinted at after its June 4 decision, saying that the account of that meeting due to be published this Thursday will include a description of officials’ justifications for continuing the measure. A German newspaper says additional documents may also be published to support the ECB’s arguments.