Germany’s constitutional court is challenging the European Central Bank’s effort to revive growth in the eurozone. Specifically, the court is questioning the bank’s €2.3 trillion asset purchase programme.

“Significant reasons indicate that the ECB decisions governing the asset purchase programme violate the prohibition of monetary financing and exceed the monetary policy mandate of the European Central Bank, thus encroaching upon the competences of the Member States,” the court said.

It sa...

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