European Court of Justice: the European Central Bank has the right to purchase government securities from EU members

Market news

17 June 2015

European Court of Justice: the European Central Bank has the right to purchase government securities from EU members

The Luxembourg-based European Court of Justice (ECJ) said on Tuesday that the European Central Bank (ECB) has the right to purchase government securities from EU members undergoing a financial crisis. The ECJ noted that government securities purchases were fully in line with the European system of central banks' existing competences.

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