The European Central Bank’s Pandemic Bazooka: Mandate Fulfilment in Extraordinary Times

Abstract

An EU legal analysis of the European Central Bank's Pandemic Emergency Purchase Programme (PEPP), originally published in March 2020 in EULawLive, updated to include more references to the ECB's pandemic responses (prudential, monetary policy) and the EU's NextGenerationEU Recovery and Resilience Facility, and to the Bundesverfassungsgericht's decision on the Public Sector Purchasing Programme (PSPP) and the Court of Justice of the European Union's judgment on the subject (Weiss).