ECB bond-buying is legal rules EU's top court

ECB bond-buying is legal rules EU's top court

A European Central Bank bond-buying plan crafted at the height of the euro zone crisis is in line with European law, according to the European Court of Justice.br br The judgment is a milestone in a long-running dispute about printing money and the limits of central bank powers between the ECB and sceptics in Germany.br br The verdict is a massive victory for the ECB.br br Europe’s top court was responding to legal action by a 35,000-strong group of sceptics from Germany including politicians and academics, who had sought to dismantle the bond-buying scheme created in 2012, but never used.


User: euronews (in English)

Views: 6

Uploaded: 2015-06-16

Duration: 00:45

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