Top German court examines ECB's anti-crisis weapon

FRANKFURT: Germany's highest tribunal, the Constitutional Court, begins two days of hearings Tuesday to decide whether the European Central Bank's controversial OMT bond purchase programme is compatible with Germany's Basic Law.

Bundesbank president Jens Weidmann -- one of the most vocal critics of the Outright Monetary Transactions -- is scheduled to take the stand alongside ECB executive board member Joerg Asmussen.