Central Banks

Monday, September 26, 2011 - 02:30

German Lawyer Wants ECB In Court Over Bond Buys: Press


BERLIN (MNI) - A German lawyer wants to take European Central Bank President Jean-Claude Trichet to a European Court for ordering the ECB's purchases of sovereign EMU government bonds, German daily Die Welt reported Monday.

Business lawyer Markus Kerber argues that the bond purchases violate EU treaties, Die Welt wrote.

Kerber told the paper that he believes French President Nicolas Sarkozy prompted Trichet to breach EU law.

--Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com

[TOPICS: M$X$$$,MGX$$$,M$$CR$,M$G$$$,M$$EC$]

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