But...is the new @ecb mechanism legal? An excellent thread arguing yes, it is.
RT @armin_steinbach: The Transmission Protection Instrument is out. As always, there will be lawsuits (typically brought by German professors).
But the design of TPI is in line with previous case law by European Court of Justice and German constitutional court. A 🧵
https://www.ft.com/content/c5499acd-0271-458d-8363-9e75633399ee