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

05.05.2020 | Deutsche Bundesbank DE

“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.”