Today, Commission Vice-President Valdis Dombrovskis presented the EU-Commission’s new action plan to fight money laundering and terrorist financing. The action plan is a consequence of the major money laundering scandals of the last years which were not prevented by the member states implementing EU anti-money laundering directives. With the action plan, the Commission responds to […]
Ruling of the German Constitutional Court on ECB: German government must make proposal for euro area common fiscal policy
In its ruling today, the German Constitutional Court declared the ECB decisions on the bond purchase programme (PSPP) to be in breach of competences. The judges declared the previous positive preliminary decision of the European Court of Justice to be incomprehensible and thus arbitrary, because the Court had excluded the economic effects of the programme […]