ECB backing Bundesbank efforts in legal conflict, Lagarde says

FRANKFURT (Reuters) - The European Central Bank (ECB) will support efforts of the Bundesbank in convincing German authorities that its government bond purchases are needed and proportional, ECB President Christine Lagarde said in a letter published on Monday."The ECB is supporting the Deutsche Bundesbank in its efforts to ensure its continued participation in the implementation of the Public Sector Purchase Programme and its cooperation with the German Federal Government and the German..