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)
Germany's Constitutional Court ruled last month that the ECB overstepped its mandate with 2 trillion euros worth of government bond buys over the past five years.
For the average saver, the additional losses arising from our new policy measures are very small," Schnabel said.
Germany's Constitutional Court ruled last month that the ECB overstepped its mandate with over 2 trillion euros ($2.24 trillion) of government bond purchases.
There was broad agreement among members that while different weights might be attached to th
"I hear sometimes that banks might not be willing to use the buffers because of concerns that the ECB would... ask for a fast replenishment of the buffers," Andrea Enria told a virtual meeting of bankers.
"Our crisis-related measures are temporary, targeted and proportionate...to the severe risks to our mandate that we are facing," Lagarde told members of the European parliament.