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.