login
login

Europe Daily Bulletin No. 12455

27 March 2020
EU RESPONSE TO COVID-19 / Ecb
Operation PEPP, monetary institute gives itself a free hand to repurchase sovereign bonds
Brussels, 26/03/2020 (Agence Europe)

The European Central Bank (ECB) said it would not apply the maximum holding threshold of 33% of the sovereign debt of a single country in the PEPP operation of massive repurchase of public and private bonds, according to a decision published on the night of Wednesday 25 to Thursday 26 March.

By lifting this self-imposed limit, the ECB is exposing itself to a new legal dispute over the PEPP operation. Critics of this type of operation, particularly in Germany, have accused the monetary...

Contents

EUROPEAN COUNCIL
EUROPEAN PARLIAMENT PLENARY
EU RESPONSE TO COVID-19
EXTERNAL ACTION
SECURITY - DEFENCE
COURT OF JUSTICE OF THE EU
COUNCIL OF EUROPE
NEWS BRIEFS