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Euro display: No rate increase in sight

In a nutshell ends the bond-buying program of the ECB. Thus, the path for interest rates would be turning freely. However, weak inflation and economic activity, higher interest rates could prevent pay.

On this judgment, had been waiting in Frankfurt's Euro tower longingly. Because it is entirely to the liking of the monetary authorities: The European court of justice (ECJ) decided this week that the controversial bond purchases of the ECB were lawful and not a prohibited state funding.

this is Exactly what had critics accused of guardians of the Currency. It was not without reason. At least, the Federal constitutional court expressed serious reservations about the procedure. But, Karlsruhe did not want to decide, and pushed the black Peter Luxemburg. Now the matter is back on the table, the top German judge. You can't overturn the judgment of the ECJ. But you could come to the conclusion that the Bundesbank should pull out of the program. This would raise the question of whether the German share of the return should be handled.

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