by Mike ‘Mish’ Shedlock
The German Constitutional Court made an unexpected and significant ruling last week against the ECB and Quantitative Easing.
QE Deemed Illegal
In the midst of a pandemic and an important presidential election, it is very easy to miss globally significant events.
Here is one that is way under the radar: The German Constitutional Court ruled the ECB’s QE Program Could be Illegal.
That is a landmark ruling that challenges the independence of the ECB and the authority of the Court of Justice of the European Union (CJEU).