11.06.2013 - 12:06 [ New York Times ]

German Court to Weigh Bond Buying by E.C.B.

While no national court in Europe has the power to tell the central bank what to do, the German Constitutional Court could place limits on the country’s participation in anticrisis measures. One former high court justice, Udo Di Fabio, even argued in a recent paper that Germany would have to withdraw from the currency union if central bank actions violated national laws — a move that, if it reached that point, would probably destroy the euro.