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Bundesbank confirms sent ECB report to German court

From reuters.com

The Bundesbank confirmed as genuine on Friday a leaked report prepared for Germany's Constitutional Court that criticises the European Central Bank's plan to buy the debt of highly indebted states. The 29-page report, dated Dec. 21, was published by German newspaper Handelsblatt. In it, the German central bank warned that the purchase of stressed countries' sovereign debt could "compromise the independence of the central bank" and could be difficult to stop. Bundesbank President Jens Weidmann, who has criticised the ECB's Outright Monetary Transactions (OMT) programme several times, will ... (full story)