ECB largesse – a snub for the German court

  
 
Christine Lagarde, head of the European Central Bank, has effectively dismissed the recent German court ruling about bond purchases being against Treaty law and announced a 600 billion euro top up. The previous recovery fund announced by the Commission in May is still not agreed with the frugal states northern dragging their heels. This further top up which may never get through is still deemed not enough to support the pandemic economic damage especially in Greece and Italy