The ECB's massive interventions on secondary markets in the context of the 'Quantitative Easing' operation are "proportionate" and, in the view of the German government, the Bundesbank "is entitled to continue to participate in their implementation", German Finance Minister Olaf Scholz said in a letter to the president of the German Chamber of Deputies, AFP reported on Monday 29 June.
The letter comes in response to the judgement of the German Constitutional Court in Karlsruhe, which in...