Germany’s Constitutional Court Ruling & the Myth of Central Bank Independence | Adam Tooze

In Episode 138, Demetri Kofinas speaks with Adam Tooze about the German Constitutional Court’s recent ruling that the European Central Bank’s 2015 bond-buying program would be illegal under German law unless the ECB can prove the purchases are justified. The ruling threatens the very credibility of Central Bank independence. Left unresolved, it could undermine the very foundations of monetary policy and lead to the end of the Euro.