Eurozone Breakup Risk at New High

by Mike ‘Mish’ Shedlock
The Street

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).

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