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ECB in court and fears for Turkey's economy

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ECB in court and fears for Turkey's economy

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Germany’s constitutional court has been looking into the legality of the European Central Bank’s bond-buying programme.

Under the plan, the ECB has committed itself to buying government bonds, if necessary.

The Bundesbank believes this is too close to illegal financing.

At the same time the ECB’s inspectors returned to Greece as part of the Troika mission.

Even though the International Monetary Fund has admitted bailout policy mistakes, the lenders are pushing for yet more austerity.

Foreign investors are also focused on Turkey right now.

Borsa Istanbul, the country’s stock market, fell massively as it is not yet clear what the consequences of the street protests will be.

Euronews will discuss these topics with Bloomberg’s Nejra Cehic, in this edition of Business Weekly.