BERLIN: The European Central Bank’s (ECB) 1.1 trillion-euro (US$1.2 trillion) asset-purchase programme is the target of three lawsuits pending in Germany’s top constitutional court that challenge the country’s role in the policy, a tribunal spokesman said.
The first suit was filed in May, the second in September and the third in October, according to Michael Allmendinger, a spokesman for the Federal Constitutional Court in Karlsruhe. The September action was brought by Bernd Lucke, the head of political party Alfa, said Allmendinger. He declined to disclose the other plaintiffs as they haven’t made their cases public.