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  • Germany's powerful Bundesbank central bank said Tuesday it would back the European Central Bank (ECB) in its response to a constitutional court ruling demanding justifications for its bond-buying scheme. "The ECB now has a period of three months to present its considerations on the proportionality of the (bond-buying) programme," said Bundesbank chief Jens Weidmann. "I will support the fulfillment of this task, while respecting the independence of the ECB governing council," added Weidmann, a frequent opponent of so-called "quantitative easing" purchases in the past. tgb/mfp/jv
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  • Bundesbank says to back ECB response to German court ruling
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