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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
Add BT as a preferred sourcePublished Tue, Jun 16, 2015 · 09:50 PM
Luxembourg
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 Monetary Transactions (OMT) programme doesn't exceed the powers of the ECB in relation to monetary policy.
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