Services
Contact us
Tel: 020 7246 1000
Find your local office
- London
- Aberdeen
- Belfast
- Birmingham
- Brighton
- Bristol
- Cardiff
- Cheltenham
- Chester
- Dorchester
- Dundee
- Edinburgh
- Exeter
- Glasgow
- Guernsey
- Hereford
- Inverness
- Ipswich
- Jersey
- Leeds
- Leicester
- Lincoln
- Lymington
- Manchester
- Marlborough
- Newcastle
- Norwich
- Nottingham
- Oxford
- Penrith
- Plymouth
- Reigate
- Shrewsbury
- Stoke-on-Trent
- Swansea
- Taunton
- Teesside
- Truro
- York
...that is the question. More accurately the question confronting the German Constitutional Court is: does the ECB have the right to buy peripheral European bonds? A scan of the constitution’s text suggests that the decision is not clear cut. Essentially under any reasonable interpretation it could be argued that a number of recent trans-Eurozone programmes are probably not compliant with German law. Whether the Constitutional Court has the power has the power to do anything about it is, however, debatable.
more...