ECB Bond Program Dubbed `Financial Dictatorship' in German CourtBy and
Germany's top tribunal re-hears lawsuits against OMT program
Plaintiffs argue ECB oversteps power limits in EU treaties
The European Central Bank was likened to a dictatorship as Germany’s top court began re-examining whether a bond-buying program underpinning Mario Draghi’s 2012 pledge to do “whatever it takes” to save the euro complies with the nation’s constitution.
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