Luxembourg---A senior lawyer at the EU's top court found Wednesday that a hugely controversial bond-buying programme readied by the European Central Bank is legal, just days before the ECB could launch its first such operation.
Advocate General Cruz Villalon at the European Court of Justice said in an opinion that the programme was "in principle" in accordance with European treaties, after a legal challenge by German politicians and academics who charged the ECB was over-stepping its powers.
AFP
