Sentences with phrase «monetary budget funding»

This would suspend the prohibition on monetary budget funding (paras 95 - 97).

The BVerfG also notes a possible infringement of the prohibition on monetary budget funding of Member States by the ECB.

It considers OMTs ultra vires for two reasons, first because the ECB thereby acts outside its monetary mandate, and second because OMTs infring the prohibition on monetary budget funding stated in Article 123 (1) TFEU.

Not exact matches

Europe needs a stronger banking union, including a cross-Continental guarantor of deposits; structural reforms to improve growth prospects; more monetary easing; and better plans for budget - cutting in the countries struggling to convince global investors of their financial stability, the fund said.

A: It'll be a long time coming before CBs run out of innovative ways to prop up / fund budget deficits or ramp up the monetary base.