News analysis

Germany's top court restricts Europe's economic options

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European Union officials are refusing to comment on a German constitutional court ruling that the European Central Bank (ECB) overstepped its powers when it decided to buy the debt of EU member states in order to help with their finances.

And at least for the moment, Europe's financial markets remain largely calm.

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A version of this article appeared in the print edition of The Straits Times on May 08, 2020, with the headline Germany's top court restricts Europe's economic options. Subscribe