Steve Greenleaf

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The ECB refused point-blank to answer to the German court, the German parliament, or any other national political body. It would answer to the European court and the European parliament. If, however, the Bundesbank as a member of the euro system in good standing requested documents pertaining to interest rate decisions, which it in turn chose to share with the German parliament, there could be no objection to that.44 If that satisfied the German court, so be it. Not having the stomach for a fight, the German justices nodded it through.45 It was not so much an answer to the challenge as a wet ...more
Shutdown: How Covid Shook the World's Economy
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