(L)eading authorities on this area of German law say that the European Central Bank's bond buying program is barely covered by the ECB's mandate -- and thus exceeds the constitutional limits established for Germany's role as a member of the euro zone. The critical view of the legal experts is largely shared by the German central bank, the Bundesbank, which says the ECB is overstepping its authority. According to one Bundesbank official, decisions to bail out EU states or even rescue the monetary union "are reserved for other actors, primarily governments and parliaments."That is, can the ECB commit German funds through bond purchases? Is it constitutional for the German people to be future-taxed without voting on it or without their representatives voting on it?
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