Bundesbank must decide on ECB bond purchases:...>

ECB: Bundesbank must decide on ECB bond purchases: top court judge (RTRS)

- The decision on whether Germany should pull out of the European Central Bank's

bond-buying programme lies with the Bundesbank, a judge in Germany's highest

court said in remarks published on Sunday. Germany's Constitutional Court ruled

in May that the ECB overstepped its mandate with over 2 trillion euros of

government bond purchases, ordering the Bundesbank to quit the scheme unless the

ECB can prove proportionality within three months. Peter Huber, a conservative

judge at the court who drafted the ruling, told the Frankfurter Allgemeine

Zeitung that the court was no longer involved and the decision on whether to

quit rested with Germany's central bank.

- Link: https://tinyurl.com/y93hjc7t