Why the ECB is in the dock…

Richard Bull | 6 May 2020  Germany’s high court goes nuclear…   Dear Reader,   “Gone nuclear” is how Lucas Gutenberg from the Jacques Delors Centre put it.   Germany’s highest court has ruled that the European Central Bank’s 2015 bond-buying programme is illegal under German law… unless the ECB can prove the purchases are justified.   This has huge potential ramifications.    Which is why our Chief Investment Strategist Nickolai Hubble (and our bestselling author of How The Euro Dies) joins Boaz Shoshan for today’s market broadcast.   It’s explosive stuff. And if you thought it odd that a lawyer with no banking experience was made head of the European Central Bank, it now seems to make perfect sense… All is explained here. Best Richard Bull Southbank Investment Research

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