FRANKFURT (Reuters) - The European Central Bank's German board member said on Monday that only the European Court of Justice has jurisdiction over the central bank, serving a rebuke to her country's highest court.
Germany's Constitutional Court ruled last week that the ECB had overstepped its mandate with 2 trillion euros worth of sovereign bond purchases since 2015 and ordered Germany's central bank to exit the scheme unless then ECB can prove the its legality within the next three months.
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