ECB Bond Program Dubbed `Financial Dictatorship' in German Court

  • Germany's top tribunal re-hears lawsuits against OMT program
  • Plaintiffs argue ECB oversteps power limits in EU treaties

Is Draghi Raising Expectations Bad For the Market?

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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