German officials have nothing to criticise about new ECB programme – Der Spiegel

German Finance Minister Scholz is getting officials to check whether the ECB's new asset purchase programme meets the principles of proportionality defined by the Constitutional Court, Der Spiegel reported on Friday.

German officials have nothing to criticise about new the ECB programme to tackle the recession caused by the coronavirus, the article further read.

Market reaction

This headline had little to no impact on the shared currency's market valuation. As of writing, the EUR/USD pair was flat on the day at 1.0832.