German court has set a bomb under the EU legal order. It gave German institutions 3 months’ notice: if by then the ECB has not complied w/ the court’s new doctrine, the Bundesbank & other German entities are banned from participating in the #QE programme. https://t.co/V0rJbM3bsN pic.twitter.com/SUhO5xeyw8

— Velina Tchakarova (@vtchakarova) May 5, 2020