'Merkel-esque' compromise may be way out of ECB impasse - court plaintiffThe ECB may well cut a deal to escape a landmark German court verdict with its powers broadly intact, a plaintiff in the case said, while not ruling out a second legal challenge against the bank’s coronavirus-linked stimulus scheme. In Tuesday’s ruling, Germany’s highest court gave the European Central Bank three months to justify bond purchases under the flagship stimulus programme it introduced in 2015 or lose the Bundesbank as a participant, raising questions about the programme and the euro’s future. The Constitutional Court judges left leeway for the Bundesbank to stay on board if the ECB could show the scheme was necessary, despite “negative effects” such as risking taxpayers’ money and making governments reliant on central bank funding.