I.    Judgement On 5 May 2020, the German constitutional court (Bundesverfassungsgericht – “BVerfG“) decided in a landmark judgment about the compatibility of the Public Sector Asset Purchase Program launched by the European Central Bank (“ECB“) in March 2015 (“PSPP“)[1] with German constitutional law. The BVerfG expressly excluded the EUR 750 billion Pandemic Emergency Purchase Program … Continue Reading