Press release - COVID-19 and German constitutional court decision top meeting with ECB’s Lagarde

During the quarterly Monetary Dialogue with Ms Lagarde on Monday, Economic and Monetary Affairs Committee MEPs focused almost exclusively on the ECBs actions to dampen the pandemics negative effects on the economy and the decision of the German constitutional court on the ECBs Public Sector Purchase Programme.

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Provider: 
ECEC
URL: 
https://www.europarl.europa.eu/news/en/press-room/20200607IPR80702/https://www.europarl.europa.eu/news/en/press-room/20200607IPR80702/
Retrieved on: 
Tuesday, June 9, 2020
Information
Tags: 
Organizations, International organizations, Withdrawal from the European Union, World, Confederations, European Union, Brexit
Summary
Key Points: 
  • During the quarterly Monetary Dialogue with Ms Lagarde on Monday, Economic and Monetary Affairs Committee MEPs focused almost exclusively on the ECBs actions to dampen the pandemics negative effects on the economy and the decision of the German constitutional court on the ECBs Public Sector Purchase Programme.
  • German constitutional court decision

    Numerous MEPs asked about the effects of the German constitutional courts unprecedented decision in May to dismiss a ruling of the European Court of Justice on the ECBs Public Support Purchase Programme launched in 2015 to stabilise the Eurozone.

  • Others asked about the potential effects on how the ECB would structure its other purchase programme (the PEPP), going forwards.
  • Other topics

    During the meeting, some MEPs touched on some other topics including Brexit, the ECBs role in greening the economy and Greece.

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