ECB’s ‘Whatever It Takes’ Questioned by Top German Court

The European Central Bank’s bond-buying plan will be reviewed by the European Union’s highest court as German judges temporarily put aside their doubts about the program credited with quelling the region’s debt crisis.

Germany’s Federal Constitutional Court sought guidance from the top EU tribunal after signaling opposition to ECB President Mario Draghi’s initiative in a six to two vote. Today’s decision will likely leave the ECB’s Outright Monetary Transactions program unhindered until 2015.