ECB found 'pragmatic' solution to German legal dispute, Rehn says
FILE PHOTO: A woman, wearing a protective mask walks past the head quarter of the European Central Bank (ECB) during sunset in Frankfurt, Germany, April 29, 2020, as the spread of the coronavirus disease (COVID-19) continues. REUTERS/Kai Pfaffenbach/File
FRANKFURT (Reuters) - The European Central Bank found a "pragmatic and sensible" solution to its legal conflict with the German Constitutional Court, Finnish central banks chief Olli Rehn told German newspaper Handelsblatt on Thursday.
Sources earlier told Reuters that the ECB had agreed to provide documents to German authorities to prove the legality of its policies, but that it would be up to the national Bundesbank rather than the ECB to present those documents in Berlin and argue the central bank's case.
(Reporting by Balazs Koranyi; Editing by Catherine Evans)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Aircraft lessor Azorra sees engine issues improving, strong demand for regional jets
- UK's John Lewis looks to harness AI agent shopping in 'difficult economy'
- ECB to raise rates a second time in September, but then done, say economists: Reuters pollĀ
Create E-mail Alert Related Categories
ReutersRelated Entities
European Central BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share