EU judges examine ECB bond-buying scheme

Is the European Central Bank massive bond-buying scheme in line with its rules?

The question, which has been part of a German political debate since the plan was launched in March 2015, is in the hands of EU judges after a first hearing was held at the EU Court of Justice on Tuesday (10 July).

The case was brought to the EU top court by the German Constitutional Court, which last year asked for guidance after a group of plaintiffs, led by eurosceptic MEP Bernd Lucke, took the ECB...