The Senior Strategist: ECB Case at High Court

June 11, 2013

Germany's Constitutional Court will hold a key hearing on bond buying this week.

The German central bank, the Bundesbank, will have a central role in this week's Federal Constitutional Court hearing on complaints filed against the permanent European bailout fund known as the European Stability Mechanism (ESM) and the bond purchase program of the European Central Bank (ECB). It makes clear in its written statement that the bond purchases announced by the ECB are "to be judged critically".