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ECB Faces Three Suits Over Quantitative Easing in Germany

  • Cases targeting ECB's asset purchases and Germany's role
  • Third action was filed late October at Constitutional Court
Updated on

German politicians who failed in previous attempts to have courts derail European Union policy filed lawsuits at the country’s top court challenging the European Central Bank’s 1.1 trillion-euro ($1.2 trillion) asset-purchase program.

Three suits were filed over the last six months, according to Michael Allmendinger, a spokesman for the Federal Constitutional Court in Karlsruhe. Bernd Lucke, the head of political party ALFA, brought a case in September. Ex-lawmaker Peter Gauweiler said in an e-mailed statement that he also filed a complaint last month.