No constitutional court can decide what ECB does, says Italy's PM


  • World
  • Wednesday, 06 May 2020

FILE PHOTO: Italian Prime Minister Giuseppe Conte wears a face mask as he attends a session of the lower house of parliament on the coronavirus disease (COVID-19) in Rome, Italy April 21, 2020. REUTERS/Remo Casilli/File Photo

ROME (Reuters) - Italy's Prime Minister Giuseppe Conte said the independence of the European Central Bank is key to the foundations of the European Union and no constitutional court should decide what it can do, in an interview published on Wednesday.

He spoke after Germany's highest court gave the European Central Bank three months to justify bond purchases under its flagship stimulus Public Sector Purchase Programme (PSPP) or lose the Bundesbank as a participant.

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