ECB nemesis Kerber says new scheme may be forbidden aid to debtors

FRANKFURT (Reuters) - The European Central Bank's new plans to buy massive amounts of government bonds with near total discretion may break a legal ban on bankrolling governments, Markus Kerber, the German academic behind the ECB's biggest court setback, said on Friday.The ECB on Thursday extended its Pandemic Emergency Purchase Programme (PEPP) until at least June 2021 and said it would focus its 1.35 trillion euros firepower on the countries that need it the most to prevent the euro zone's..