BREAKING NEWS

BREAKING NEWS

Germany's top court rejects challenge to ECB asset purchases

Now Reading:

Germany's top court rejects challenge to ECB asset purchases

Text size Aa Aa

KARLSRUHE, Germany (Reuters) – Germany’s Constitutional Court rejected on Wednesday a request for an injunction to stop the Bundesbank from taking part in the European Central Bank’s 2.3 trillion euro ($2.7 trillion) asset purchase programme, the court said in a statement. Although the German court has expressed reservations in the past about the asset buys, the ruling leaves the case with the European Court of Justice, which has in the past sided with the ECB when its powers to buy bonds were challenged.

(Reporting by Ursula Knapp; Writing by Balazs Koranyi; editing by John Stonestreet)
euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.