and in other news
Has Germany just blown up the Eurozone?
While the Constitutional Court found that the ECB’s regular QE activity (e.g. the Public Sector Purchasing Programme) does not contravene Article 123 of the Treaty on the Functioning of the European Union, the verdict specifies the necessary conditions that the PSPP satisfies. The implication is that the Pandemic Emergency Purchasing Programme does not satisfy them.

In other words, even the minor concession made to the vulnerable members of the Eurozone is now under threat. As for Eurobonds, forget it! They’re not happening. Not now, not ever.
https://unherd.com/thepost/has-germany-just-blown-up-the-eurozone/
I wonder how   they will stick    a bandaid on this little contretemps?
https://www.ft.com/content/db720dde-19e8-4e9c-bbfb-b4d48db71a6c

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        https://www.ft.com/content/db720dde-19e8-4e9c-bbfb-b4d48db71a6c

        The decision has the potential to unleash a constitutional crisis in the EU’s biggest member state and with it the entire eurozone. It raises questions about the ECB’s sacrosanct independence and the credibility of the rulings of the EU’s highest court in Luxembourg.
What a can of worms!