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German Court Upholds ECB Bond Offer that Calmed Crisis

Germany's constitutional court has rejected a challenge to the European Central Bank bond-buying program credited with helping keep the euro currency union from breaking up in 2012. The court in Karlsruhe said Tuesday that the ECB had not exceeded its legal powers and rejected a challenge from legislators and a citizen's group to the bond-buying program. ECB President Mario Draghi announced the program in 2012 after promising that the central bank for the 19 countries that use...

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