How the ECB learned to love proportionality, In conversation with Hank Paulson and more
The weekend Review – OMFIF
Latest opinion and analysis from OMFIF around the world
29 June-3 July 2020, Vol.11 Ed.25
Most-Read Commentary
How the ECB learned to love proportionality: The ECB, moving quickly to defuse the German constitutional dispute over government bond purchases, is stepping up its commitment to ‘proportionality’ in policy actions. The ECB and the Bundesbank have worked with the German government and parliament in the past few days, releasing 300 pages of previously secret documents. The combined action lifts a threatened court ban on Bundesbank participation in ECB bond-buying, writes David Marsh.
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