German Challenge: EU Court of Justice backs ECB on bond buying

The European Court of Justice (ECJ) rejected a German lawsuit that sought to block the ECB from buying government bonds of ailing eurozone countries. In Handelsblatt Global Edition Bert Van Roosebeke said the ECJ seemed to place barely any limit on the ECB’s actions.

The ruling by the European Court of Justice demonstrated a “naïve, starry-eyed” trust in the European Central Bank, without setting any real limits on its actions, said Bert Van Roosebeke, who leads financial markets research at the cep. ...read on