ECB faces 3 lawsuits over QE in Germany's top court
Berlin
GERMAN politicians who failed in previous attempts to have courts derail European Union monetary policy, filed lawsuits at the country's top court challenging the European Central Bank's 1.1 trillion euro (S$1.67 trillion) asset purchase programme.
Three suits were filed over the last six months, according to Michael Allmendinger, a spokesman for the Federal Constitutional Court in Karlsruhe. One case, in September, was brought by Bernd Lucke, the head of political party Alfa. Former lawmaker Peter Gauweiler said in an e-mailed statement that he also filed a complaint last month.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Thailand to increase daily minimum wage to 400 baht in Oct
UK set for weak growth and highest inflation in G7, OECD says
German manufacturing downturn eases in April, PMI survey shows
India RBI's FX intervention eases as conditions turn favourable for rupee
Swiss inflation accelerates faster than expected in April
OECD upgrades global growth outlook as US outperforms