Business & Finance
German MPs adopt motion to shut down ECB bond-buying row
- The Federal Constitutional Court (FCC) had in May threatened to block the Bundesbank, the central bank, from taking part in the stimulus plan unless the European Central Bank (ECB)
FRANKFURT AM MAIN: German MPs on Thursday passed a motion supporting the European Central Bank's massive bond-buying support to the eurozone economy, closing for now a battle with the country's top court.
The Federal Constitutional Court (FCC) had in May threatened to block the Bundesbank, the central bank, from taking part in the stimulus plan unless the European Central Bank (ECB) could show within three months that its government debt purchases are not "disproportionate".
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