16-06-2015
Victory for Draghi as court backs bond-buying plan
Bert Van Roosebeke told the FT: “It’s a very clear defeat for the German court. On the point of whether this is an economic or monetary policy, the European court said it is monetary policy and so within the ECB’s mandate.” Van Roosebeke added the decision gives strong legal protection to eurozone QE because the ECB has perhaps been even more careful that it needed to be in legal terms by setting limit on its buying operations.