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German constitutional judges refer ECB policy to Europe's highest court


German constitutional court

The German constitutional court said doubts about the ultimate effects of the policy had persuaded it to set aside fears that the ECB's plan went beyond its remit and could result in taxpayers in richer countries subsidising poorer states.

http://www.theguardian.com/business/2014/feb/07/german-constitutional-court-ecb-bonds-ecj-omt

How much did the taxpayers in the poorest countries already subsidy for the welfare state of the richer ones? How long will they pay back the austerity plans?




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