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MNI BRIEF: EU Letter Lambasts German Court Ruling On ECB PSPP

LONDON (MNI)

A letter from the European Commission gives the German Constitutional Court two months to reply to Brussels on concerns that it has breached the principle of the primacy of EU law by declaring the ECB's Public Sector Purchase Programme outside of its competence in a May 2020 judgement, and not referring the matter back to the European Court of Justice for further consideration.

"The Commission considers that the judgement of the German Constitutional Court constitutes a serious precedent," the Commission letter says in what it calls the start of an infringement procedure.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
Central Bank NewsPolicy NewsStoryCEEMEAEurozoneFranceBriefEuropean Central BankRegion
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
Central Bank NewsPolicy NewsStoryCEEMEAEurozoneFranceBriefEuropean Central BankRegion
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