Mögliche monetäre Staatsfinanzierung durch das Pandemie-Anleihekaufprogramm PEPP der EZB

This inquiry examines the Pandemic Emergency Purchase Programme (PEPP) managed by the European Central Bank. It specifically explores whether this mechanism allows for monetary financing of national governments, which is generally restricted under EU law to maintain central bank independence. The procedure concerns policymakers and financial regulators. It seeks to clarify the legal and economic implications of the ECB's bond-buying activities on national debt and EU fiscal rules.