New German court challenge of ECB unlikely to succeed
"I don’t see any chance of this going anywhere," Christian Odendahl, chief economist at the Centre for European Reform said of latest legal challenge. "I think that the complaint against sovereign bond buying program had higher chances of success but didn’t succeed," Odendahl said. "The European Court of Justice argued that even this is inside the ECB’s mandate. So the purchase of private assets is clearly within the ECB’s mandate."