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EU's highest court backs 2012 bond-buying plan

It says programme does not exceed ECB powers in relation to monetary policy

Mr Draghi addressing the European parliament in Brussels. The ruling will expand his crisis-fighting arsenal.


THE European Central Bank's (ECB) 2012 bond-buying programme won the backing of the European Union's highest court, expanding ECB president Mario Draghi's crisis-fighting arsenal.

The EU Court of Justice (ECJ), in a ruling in Luxembourg on Tuesday, said that the Outright