Statement by Bundesbank President Jens Weidmann on the judgement of the Federal Constitutional Court (Bundesverfassungsgericht)

“In its judgement, the Federal Constitutional Court highlights important features of the PSPP which, overall, ensure a sufficient safety margin to monetary financing of governments. I have indicated the importance of this margin in the past. The Governing Council of the ECB now has a period of three months to present its deliberations regarding the proportionality of the programme. While respecting the independence of the ECB’s Governing Council, I will support efforts to meet this requirement.”