Quote Originally Posted by gm_gm View Post
This is a very German issue, as they filter the cash to the ECB to buy bonds which supports other member states (some rely upon), to put this in context the UK buy currently 22% (asset purchases) which is declining, the ECB is just under 40% and climbing!

The judgement effectively suggests that the ECB has acted against its primary objectives in the case risk proportianlity (we used to get fined in the UK if we infringed this). Secondly, and this is a biggy it also calls out the Bundesbank for participating in Ultra Vires....the brakes are firmly on future lending until this is resolved (or attempted fudge in typical EU fashion)

The German internal legislation now firmly clashes with EU legislation ....its unclear but may mean that the EU have to check with Germany first!
You think this is way more significant than it really is.

These ongoing legal wranglings do not affect Germany's legal parity with other member states.

It's more like if a billionaire took HMRC to court. They're still legally equal and subject to the same laws as everyone else.