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Changing of guard at top German court signals de-escalation for ECB

From reuters.com

Changes to the composition of Germany’s top court are likely to make it less confrontational towards the European Central Bank following a ruling about bond purchases that sent shockwaves around Europe, according to two sources close to the court.In its ruling last month, the Constitutional Court gave the ECB three months to justify bond purchases under its flagship stimulus programme or lose the Bundesbank as a participant, raising questions about the future of the euro. While Berlin is likely to have the final say on whether the ECB’s justification is sufficient, the plaintiffs behind the case have signalled they ... (full story)

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