ECJ comments on the German court ruling on the ECB
The European Court of Justice is firing back at the German constitutional court with the comment above, pretty much reaffirming that they have the ECB's back in all of this - not that we didn't know that already anyway after the ECB statement earlier this week.
In case you missed the statement by the ECB in response to the German court ruling:
The Governing Council received a preliminary briefing by the governor of the Bundesbank and by the legal department of the European Central Bank (ECB). The ECB takes note of today's judgment by the German Federal Constitutional Court regarding the Public Sector Purchase Programme (PSPP).The Governing Council remains fully committed to doing everything necessary within its mandate to ensure that inflation rises to levels consistent with its medium-term aim and that the monetary policy action taken in pursuit of the objective of maintaining price stability is transmitted to all parts of the economy and to all jurisdictions of the euro area.The Court of Justice of the European Union ruled in December 2018 that the ECB is acting within its price stability mandate.