ECB Bond Program Survives Another Challenge at German Court
- Judges say it would be premature to issue interim ruling
- ECB’s bond-buying program faces opposition, German lawsuits
on January 16, 2017 in Karlsruhe, Germany.
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Germany’s top court rejected requests to stop the Bundesbank from taking part in the European Central Bank’s quantitative-easing program while lawsuits challenging the bond-buying plan are pending.
The Federal Constitutional Court said granting the request would give plaintiffs what they want before the case has been fully resolved. While the judges in Karlsruhe, Germany, could eventually rule against the Bundesbank’s participation in QE, a final decision is likely months, or even years, off.