Per the FT over the weekend: "The president.....>

ECB: Per the FT over the weekend: "The president of the European Commission has

said Brussels is considering taking legal steps that could result in Germany

being sued in Europe's highest court over a ruling from its constitutional court

on ECB bond buying. In her strongest language yet, Ursula von der Leyen said

Brussels was examining "possible next steps up to an infringement procedure"

after Germany's constitutional court on Tuesday said the EU's highest court

acted outside its mandate in approving ECB quantitative easing measures. The

court in Karlsruhe also demanded the ECB provide a "proportionality assessment"

within three months justifying QE or risk Germany not taking part in the

measures. The explosive ruling has called into question the independence of the

ECB and the supremacy of EU law over national courts, which overrides member

state legislation in the EU. In a letter to German MEP Sven Giegold on Saturday,

Ms von der Leyen said: "The Commission is now in the process of analysing the

more than 100-page judgment of the German Federal Constitutional Court in

detail. On the basis of this knowledge, we examine possible next steps up to an

infringement procedure.""