A ruling by the German Constitutional Court last week that targeted the European Central Bank’s flagship stimulus programme is not an assessment of any policy measures under discussion now, the court’s president told broadcaster SWR. The Karlsruhe court last week gave the ECB three months to justify bond buys under its flagship stimulus programme or lose the Bundesbank - Germany’s national central bank, and a member of the ECB - as a participant. It also called on the German parliament and government to challenge the ECB on the matter. The ruling has blown up into a growing political crisis, which Chancellor Angela ... (full story)