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About: http://data.cimple.eu/news-article/5ac01dd6f5b983a22596dc1b25017d3ecdeef9f1e83bb15c09b77f20 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Germany's constitutional court hit back Wednesday at European institutions over their criticism of its questioning of bond purchases by the European Central Bank. "Our message to the ECB is almost homeopathic," the leading judge in the case, Peter Huber, told the daily Sueddeutsche Zeitung. "It should not consider itself the 'master of the universe'," he said in an interview published late Tuesday. "All we ask of the ECB is that it accepts its responsibility in the eyes of the public and also justifies it -- including towards people who are disadvantaged by its measures." In a bombshell ruling last week, Germany's Constitutional Court questioned the ECB's bond-buying scheme, which has been credited with powering eurozone growth after the financial crisis. The judges in Karlsruhe gave the ECB three months to justify the stimulus and show that the benefits of mass government debt purchases outweigh the side effects. Otherwise, the judges said they will ban Germany's powerful Bundesbank central bank from participating in the two-trillion-euro ($2.2 trillion) scheme. The court also slammed the Luxembourg-based ECJ for rubber-stamping the asset purchases in an earlier ruling and said Germany was not bound by the ECJ decision. The ruling drew a furious reaction from the EU, which insisted that European law trumps that of member states. European Commission chief Ursula von der Leyen has also raised the spectre of legal action against Germany. Legal experts were still poring over the ruling, she had said, adding that "on the basis of these findings, we are considering possible next steps, including infringement proceedings." jpl-hmn/dlc/bp
schema:headline	German high court hits back after EU slams ECB ruling
schema:mentions	European Court of Justice European Central Bank Federal Constitutional Court Eurozone European Commission European Union law Homeopathy Government debt Ursula von der Leyen Germany Peter W. Huber Poring Constitutional Court of South Africa Süddeutsche Zeitung Deutsche Bundesbank Karlsruhe
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-05-13 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	80 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

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